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 32.16

-0.45 -1.38%
Volume: 5,627,122
Track ADM

ANF 37.59

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

BBBY 37.86

+0.13 +0.34%
Volume: 2,251,583
Track BBBY

BRCM 28.67

-0.06 -0.21%
Volume: 8,335,373
Track BRCM

EGLE 5.66

+0.81 +16.70%
Volume: 5,316,242
Track EGLE

FMCN 13.12

+0.31 +2.42%
Volume: 2,229,761
Track FMCN

GILD 47.14

+0.33 +0.70%
Volume: 6,136,542
Track GILD

PAG 16.98

+0.31 +1.86%
Volume: 805,716
Track PAG

ROK 43.79

+0.28 +0.64%
Volume: 1,718,410
Track ROK

WFR 13.10

+0.17 +1.31%
Volume: 4,378,113
Track WFR


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