Notable Analyst Rating Changes 11/07: ANF, TWTC, CECEO Upgraded; TM, DLB, SI Downgraded

November 7, 2008 10:01 AM EST

UPGRADES:
Jefferies & Co upgrades Abercrombie & Fitch (NYSE: ANF) from Underperform to Hold.

J.P. Morgan upgrades tw telecom (Nasdaq: TWTC) from Underweight to Neutral.

Piper Jaffray & Co. upgrades Career Education Corp. (Nasdaq: CECO) from Sell to Neutral.

For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades

DOWNGRADES:
Merrill Lynch downgrades Toyota Motor (NYSE: TM) from Buy to Underperform.

Soleil Securities downgrades Dolby Laboratories (NYSE: DLB) from Buy to Hold. Price target $35.

UBS downgrades Siemens (NYSE: SI) from Buy to Sell.

For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades

NEW COVERAGE:
Goldman Sachs starts Wyeth (NYSE: WYE), Bristol-Myers Squibb Co. (NYSE: BMY) at Buy.

Goldman Sachs starts Eli Lilly & Co. (NYSE: LLY), Merck & Co. Inc. (NYSE: MRK) and Schering-Plough Corp. (NYSE: SGP) at Neutral.

Goldman Sachs starts Pfizer Inc. (NYSE: PFE) at Sell.

Cowen & Co initiates coverage on Netlogic Microsystems (Nasdaq: NETL) with a Neutral.

For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage


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Stocks Mentioned

ANF 27.53

+2.10 +8.26%
Volume: 443,211
Track ANF

BMY 27.59

+7.35 +36.31%
Volume: 440,849
Track BMY

CECO 23.91

-0.70 -2.84%
Volume: 1,698,126
Track CECO

DLB 27.56

-9.55 -25.73%
Volume: 440,710
Track DLB

LLY 33.90

-1.06 -3.03%
Volume: 4,493,413
Track LLY

MRK 26.28

-1.77 -6.31%
Volume: 447,665
Track MRK

NETL 35.73

-1.08 -2.93%
Volume: 338,601
Track NETL

PFE 27.48

+12.58 +84.43%
Volume: 437,781
Track PFE

SGP 27.54

+2.32 +9.20%
Volume: 442,477
Track SGP

SI 26.28

-44.21 -62.72%
Volume: 441,876
Track SI

TM 28.60

-46.70 -62.02%
Volume: 443,769
Track TM

TWTC 9.98

-0.27 -2.63%
Volume: 1,233,268
Track TWTC

WYE 29.81

-15.56 -34.30%
Volume: 439,767
Track WYE


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