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 28.76

+1.21 +4.39%
Volume: 440,318
Track ADM

ANF 27.53

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

BBBY 29.66

-1.10 -3.58%
Volume: 4,076,374
Track BBBY

BRCM 25.12

+0.05 +0.20%
Volume: 10,131,858
Track BRCM

EGLE 4.38

-0.15 -3.31%
Volume: 2,412,394
Track EGLE

FMCN 8.02

-0.23 -2.79%
Volume: 2,783,481
Track FMCN

GILD 45.90

-0.93 -1.99%
Volume: 6,900,563
Track GILD

PAG 29.88

+12.82 +75.15%
Volume: 437,608
Track PAG

ROK 25.15

-7.37 -22.66%
Volume: 441,091
Track ROK

WFR 27.57

+9.53 +52.83%
Volume: 429,521
Track WFR


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