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 32.61

+0.00 +0.00%
Volume: 100
Track ADM

ANF 37.53

+0.00 +0.00%
Volume: 515
Track ANF

BBBY 37.73

+0.00 +0.00%
Volume: 200
Track BBBY

BRCM 28.73

+0.00 +0.00%
Volume: 1,700
Track BRCM

EGLE 4.85

+0.00 +0.00%
Volume: 1,548,515
Track EGLE

FMCN 12.81

+0.00 +0.00%
Volume: 2,583,974
Track FMCN

GILD 46.81

+0.00 +0.00%
Volume: 616
Track GILD

PAG 16.67

+0.00 +0.00%
Volume: 1,388,864
Track PAG

ROK 43.51

+0.00 +0.00%
Volume: 2,610,037
Track ROK

WFR 12.93

+0.00 +0.00%
Volume: 4,183,454
Track WFR


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