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 60.06

-0.23 -0.38%
Volume: 1,667,111
Track AGN

ANF 37.59

+0.06 +0.16%
Volume: 3,343,999
Track ANF

BDK 62.39

+0.14 +0.22%
Volume: 1,578,583
Track BDK

BX 15.66

+0.34 +2.22%
Volume: 2,321,584
Track BX

CPB 33.03

+0.31 +0.95%
Volume: 1,808,710
Track CPB

LEN 15.12

+0.82 +5.73%
Volume: 7,202,045
Track LEN

MTL 20.32

-0.89 -4.20%
Volume: 4,127,961
Track MTL

PSA 79.55

+0.85 +1.08%
Volume: 1,856,290
Track PSA

SLG 42.21

+1.22 +2.98%
Volume: 2,052,738
Track SLG

STM 8.69

+0.27 +3.21%
Volume: 2,625,006
Track STM


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