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 36.13

-0.08 -0.22%
Volume: 7,318,123
Track ANF

BMY 25.14

-0.02 -0.08%
Volume: 41,621,237
Track BMY

CECO 25.51

+0.26 +1.03%
Volume: 1,253,841
Track CECO

DLB 45.28

+0.43 +0.96%
Volume: 426,359
Track DLB

LLY 37.39

-0.01 -0.03%
Volume: 5,001,058
Track LLY

MRK 36.70

-0.07 -0.19%
Volume: 16,615,146
Track MRK

NETL 44.83

+0.71 +1.61%
Volume: 439,895
Track NETL

PFE 18.49

-0.15 -0.80%
Volume: 50,051,363
Track PFE

SGP 28.15

+0.00 +0.00%
Volume: 90,956,831
Track SGP

SI 94.04

-1.85 -1.93%
Volume: 901,823
Track SI

TM 84.30

-0.29 -0.34%
Volume: 742,812
Track TM

TWTC 15.59

+0.60 +4.00%
Volume: 748,108
Track TWTC

WYE 50.39

+0.00 +0.00%
Volume: 50,253,011
Track WYE


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