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 31.66

+0.85 +2.76%
Volume: 6,666,572
Track ADM

ANF 40.06

+0.13 +0.33%
Volume: 4,640,849
Track ANF

BBBY 38.89

+1.53 +4.10%
Volume: 5,554,695
Track BBBY

BRCM 30.18

+0.98 +3.36%
Volume: 7,502,048
Track BRCM

EGLE 5.92

+0.26 +4.59%
Volume: 3,111,783
Track EGLE

FMCN 13.40

+0.84 +6.69%
Volume: 3,671,288
Track FMCN

GILD 46.40

+0.29 +0.63%
Volume: 9,316,808
Track GILD

PAG 15.40

+0.62 +4.19%
Volume: 1,195,646
Track PAG

ROK 44.06

+0.57 +1.31%
Volume: 1,112,842
Track ROK

WFR 12.37

+0.33 +2.74%
Volume: 5,748,064
Track WFR


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