Notable Analyst Rating Changes 11/25: BDK, LEN, PSA, ANF Upgraded; MTL, SLG, CPB Downgraded

November 25, 2008 9:41 AM EST

UPGRADES:
UBS upgrades Black & Decker (NYSE: BDK) from Neutral to Buy.

UBS upgrades Lennar (NYSE: LEN) from Neutral to Buy. Price target $8.

Goldman Sachs upgrades Public Storage (NYSE: PSA) from Neutral to Buy.

Cowen & Co upgrades Abercrombie & Fitch (NYSE: ANF) from Underperform to Neutral.

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

DOWNGRADES:
Morgan Stanley downgrades Mechel (NYSE: MTL) from Equalweight to Underweight.

Goldman Sachs downgrades SL Green Realty (NYSE: SLG) from Buy to Neutral.

Merrill Lynch downgrades Campbell Soup (NYSE: CPB) from Buy to Neutral.

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

NEW COVERAGE:
Goldman Sachs initiates coverage on Blackstone (NYSE: BX) with a Neutral rating and $7 price target.

Morgan Stanley initiates coverage on STMicroelectronics (NYSE: STM) with an Equalweight.

Cowen & Co initiates coverage on Allergan (NYSE: AGN) with a Neutral.

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


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Stocks Mentioned

AGN 26.22

-21.23 -44.74%
Volume: 439,415
Track AGN

ANF 27.53

+2.10 +8.26%
Volume: 443,211
Track ANF

BDK 28.64

+0.04 +0.14%
Volume: 443,826
Track BDK

BX 25.07

+14.26 +131.91%
Volume: 445,698
Track BX

CPB 26.34

-3.58 -11.97%
Volume: 440,652
Track CPB

LEN 9.16

-0.46 -4.78%
Volume: 4,709,753
Track LEN

MTL 25.04

+16.51 +193.55%
Volume: 443,865
Track MTL

PSA 29.95

-36.56 -54.97%
Volume: 434,990
Track PSA

SLG 27.41

+4.31 +18.66%
Volume: 447,377
Track SLG

STM 26.29

+18.61 +242.32%
Volume: 448,180
Track STM


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