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 64.29

-0.91 -1.40%
Volume: 1,681,975
Track CTRP

GLW 16.29

+0.49 +3.10%
Volume: 16,376,643
Track GLW

LPX 6.54

-0.05 -0.76%
Volume: 2,043,144
Track LPX

LYV 7.95

+0.04 +0.51%
Volume: 450,457
Track LYV

PSUN 4.86

+0.10 +2.10%
Volume: 569,320
Track PSUN

RMD 48.89

-0.09 -0.18%
Volume: 574,459
Track RMD

SAFM 39.64

+0.98 +2.53%
Volume: 240,807
Track SAFM

SJM 54.13

-0.09 -0.17%
Volume: 687,198
Track SJM

SOL 3.98

-0.11 -2.69%
Volume: 1,165,094
Track SOL

STJ 35.49

+0.10 +0.28%
Volume: 2,402,861
Track STJ

SUN 27.77

+0.25 +0.91%
Volume: 2,187,158
Track SUN


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