Notable Analyst Rating Changes 11/19: PSUN, LPX, SJM, SAFM Upgraded; SUN, SOL, GLW, CTRP Downgraded

November 19, 2008 9:48 AM EST

UPGRADES:
Citi and UBS upgrade Pacific Sunwear (Nasdaq: PSUN) to Hold and Neutral, respectively.

BMO Capital upgrades Louisiana-Pacific (NYSE: LPX) from Underperform to Market Perform.

Merrill Lynch upgrades J.M. Smucker (NYSE: SJM) from Underperform to Buy.

J.P. Morgan upgrades Sanderson Farms (Nasdaq: SAFM) from Underweight to Neutral.

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

DOWNGRADES:
Deutsche Bank downgrades Sunoco Inc. (NYSE: SUN) from Hold to Sell.

Credit Suisse and Libertas Capital downgrade ReneSola (NYSE: SOL) to Neutral and Hold, respectively.

Merrill Lynch downgrades Corning Inc. (NYSE: GLW) from Buy to Neutral.

Citi downgrades Ctrip.com (Nasdaq: CTRP) from Buy to Sell. Price target slashed from $53 to $18.

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

NEW COVERAGE:
Jefferies & Co. initiates coverage on St. Jude Medical (NYSE: STJ) with a Hold rating.

Jefferies & Co initiates coverage on ResMed (NYSE: RMD) with a Buy.

Thomas Weisel initiates coverage on Live Nation (NYSE: LYV) with an Overweight rating.

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


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Stocks Mentioned

CTRP 75.47

-1.16 -1.51%
Volume: 1,137,776
Track CTRP

GLW 18.25

+0.66 +3.75%
Volume: 15,065,947
Track GLW

LPX 6.54

+0.16 +2.51%
Volume: 1,388,620
Track LPX

LYV 7.39

+0.21 +2.92%
Volume: 316,452
Track LYV

PSUN 3.21

+0.04 +1.26%
Volume: 557,424
Track PSUN

RMD 52.12

+0.60 +1.16%
Volume: 235,213
Track RMD

SAFM 42.34

+0.14 +0.33%
Volume: 189,515
Track SAFM

SJM 59.38

+0.16 +0.27%
Volume: 433,850
Track SJM

SOL 4.09

-0.04 -0.97%
Volume: 1,234,654
Track SOL

STJ 36.75

-0.11 -0.30%
Volume: 1,682,852
Track STJ

SUN 25.78

+0.25 +0.98%
Volume: 1,049,790
Track SUN


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