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 64.53

-0.67 -1.03%
Volume: 527,643
Track CTRP

GLW 16.05

+0.25 +1.58%
Volume: 6,449,736
Track GLW

LPX 6.60

+0.01 +0.15%
Volume: 708,793
Track LPX

LYV 7.86

-0.05 -0.63%
Volume: 150,844
Track LYV

PSUN 4.84

+0.08 +1.68%
Volume: 306,560
Track PSUN

RMD 48.73

-0.25 -0.51%
Volume: 150,512
Track RMD

SAFM 39.17

+0.51 +1.32%
Volume: 47,648
Track SAFM

SJM 54.03

-0.19 -0.35%
Volume: 315,516
Track SJM

SOL 3.95

-0.14 -3.42%
Volume: 586,386
Track SOL

STJ 35.30

-0.09 -0.25%
Volume: 956,659
Track STJ

SUN 27.80

+0.28 +1.02%
Volume: 962,541
Track SUN


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