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 75.55

+0.00 +0.00%
Volume: 500
Track CTRP

GLW 17.20

+0.00 +0.00%
Volume: 2,551
Track GLW

LPX 6.31

+0.00 +0.00%
Volume: 2,088,323
Track LPX

LYV 7.27

+0.00 +0.00%
Volume: 400
Track LYV

PSUN 3.25

+0.00 +0.00%
Volume: 1,774,956
Track PSUN

RMD 51.13

+0.00 +0.00%
Volume: 601,661
Track RMD

SAFM 41.47

+0.00 +0.00%
Volume: 492,927
Track SAFM

SJM 59.72

+0.00 +0.00%
Volume: 950,771
Track SJM

SOL 4.12

+0.00 +0.00%
Volume: 1,119,184
Track SOL

STJ 37.09

+0.00 +0.00%
Volume: 110
Track STJ

SUN 25.68

+0.00 +0.00%
Volume: 700
Track SUN


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