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 37.59

+0.06 +0.16%
Volume: 3,343,999
Track ANF

BMY 23.25

-0.09 -0.39%
Volume: 7,658,206
Track BMY

CECO 23.63

+0.52 +2.25%
Volume: 1,647,172
Track CECO

DLB 42.52

+0.10 +0.24%
Volume: 346,904
Track DLB

LLY 35.19

-0.06 -0.17%
Volume: 6,164,188
Track LLY

MRK 33.22

-0.39 -1.16%
Volume: 17,477,317
Track MRK

NETL 41.54

+0.81 +1.99%
Volume: 286,010
Track NETL

PFE 17.62

+0.06 +0.34%
Volume: 35,433,705
Track PFE

SGP 28.15

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

SI 95.62

+0.07 +0.07%
Volume: 384,618
Track SI

TM 76.79

+0.39 +0.51%
Volume: 642,704
Track TM

TWTC 14.85

-0.09 -0.60%
Volume: 1,062,274
Track TWTC

WYE 50.39

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


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