Notable Analyst Rating Changes 11/11: SMI, TOL, SFD, MCHP Upgraded; PCLN, SNV, RHIE, ADBE, SIGM, HUM Downgraded

November 11, 2009 10:56 AM EST

UPGRADES:
Bank of America upgrades Semi Manufacturing International (NYSE: SMI) from Underperform to Neutral.

Wells Fargo Securities upgrades Toll Brothers, Inc. (NYSE: TOL) Market Perform to Outperform with a $24-$26 valuation. Click Here for more color.

Deutsche Bank upgrades Smithfield Foods (NYSE: SFD) from Hold to Buy and raised their price target from $12 to $20. Click Here for more color.

Goldman Sachs upgraded Microchip Technology Inc. (NASDAQ: MCHP) from Sell to Neutral. Click Here for more color.

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

DOWNGRADES:
Credit Suisse downgrades Priceline.com (NASDAQ: PCLN) to Neutral. Price target $210.

Morgan Keegan downgrades Synovus Financial (NYSE: SNV) from Outperform to Market Perform.

Thomas Weisel and J.P. Morgan downgrade RHI Entertainment (NASDAQ: RHIE) from to Underweight and Neutral, respectively. J.P. Morgan slashed their price target from $4 to $0.75.

Oppenheimer downgrades Adobe (NASDAQ: ADBE) to Market Perform.

Collins Stewart downgrades Sigma Designs (NASDAQ: SIGM) to Sell. Price target $9. For more color, Click Here.

Hilliard Lyons downgrades Humana (NYSE: HUM) from Buy to Neutral.

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

NEW COVERAGE:
MKM Partners initiates coverage on Palm (NASDAQ: PALM) with a Neutral rating.

Bernstein initiates coverage on Hyatt Hotels (NYSE: H) with an Underperform rating.

Bank of America re-instates coverage on Wynn Resorts (NASDAQ: WYNN) with a Buy rating. Price target $75.

Susquehanna initiates coverage on Cameron International (NYSE: CAM) with a Positive. Price target $48. Click Here for more color.

J.P. Morgan initiates coverage on Banco Santander (NASDAQ: BSBR) with an Overweight rating.

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


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Stocks Mentioned

ADBE 32.31

+0.00 +0.00%
Volume: 400
Track ADBE

BSBR 11.57

+0.00 +0.00%
Volume: 7,426,626
Track BSBR

CAM 39.33

+0.00 +0.00%
Volume: 5,370,621
Track CAM

H 29.00

+0.00 +0.00%
Volume: 184,456
Track H

HUM 47.92

+0.00 +0.00%
Volume: 3,131,191
Track HUM

MCHP 26.41

+0.00 +0.00%
Volume: 3,501,829
Track MCHP

PALM 9.45

+0.00 +0.00%
Volume: 17,304,163
Track PALM

PCLN 205.38

+0.00 +0.00%
Volume: 991,830
Track PCLN

RHIE 0.34

+0.00 +0.00%
Volume: 279,021
Track RHIE

SFD 15.38

+0.00 +0.00%
Volume: 1,499,622
Track SFD

SIGM 10.49

+0.00 +0.00%
Volume: 663,434
Track SIGM

SMI 4.29

+0.00 +0.00%
Volume: 282,401
Track SMI

SNV 2.57

+0.00 +0.00%
Volume: 16,571,386
Track SNV

TOL 19.07

+0.00 +0.00%
Volume: 3,477,804
Track TOL

WYNN 61.63

+0.00 +0.00%
Volume: 1,838,496
Track WYNN


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