Notable Analyst Rating Changes 11/12: BBBY, PAG, ROK Upgraded; EGLE, FMCN, BRCM Downgraded

November 12, 2008 9:52 AM EST

UPGRADES:
Goldman Sachs upgrades Bed Bath & Beyond (Nasdaq: BBBY) from Neutral to Buy.

Goldman Sachs upgrades Penske Auto (NYSE: PAG) from Neutral to Buy.

Citi upgrades Rockwell Automation Inc (NYSE: ROK) from Sell to Hold.

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

DOWNGRADES:
Merrill Lynch downgrades Eagle Bulk Shipping (Nasdaq: EGLE) from Buy to Underperform.

Deutsche Bank downgrades Focus Media (Nasdaq: FMCN) from Buy to Hold. Price target $9.34.

Morgan Stanley downgrades Broadcom (Nasdaq: BRCM) from Equalweight to Underweight.

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

NEW COVERAGE:
Oppenheimer initiates covearge on Archer Daniels Midland (NYSE: ADM) with an Outperform rating and $30 price target.

Needham & Co initiates coverage on Gilead Sciences Inc. (Nasdaq: GILD) with a Buy. Price target $51.

Pali Research initiates coverage on Abercromie & Fitch (NYSE: ANF) with a Sell. Price target $18.

Collins Stewart initiates coverage on MEMC Electronic Materials (NYSE: WFR) with a Buy. Price target $27.

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


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Stocks Mentioned

ADM 31.59

+0.25 +0.80%
Volume: 4,627,054
Track ADM

ANF 36.13

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

BBBY 39.15

+0.41 +1.06%
Volume: 3,218,253
Track BBBY

BRCM 30.77

+0.47 +1.55%
Volume: 7,580,662
Track BRCM

EGLE 5.76

-0.03 -0.52%
Volume: 2,593,608
Track EGLE

FMCN 14.59

+0.43 +3.04%
Volume: 2,067,533
Track FMCN

GILD 46.59

+0.33 +0.71%
Volume: 4,812,535
Track GILD

PAG 15.98

+0.83 +5.48%
Volume: 1,059,001
Track PAG

ROK 45.66

+1.66 +3.77%
Volume: 2,127,106
Track ROK

WFR 12.75

-0.06 -0.47%
Volume: 5,254,996
Track WFR


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