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 58.90

+0.00 +0.00%
Volume: 1,443,265
Track AGN

ANF 40.06

+0.00 +0.00%
Volume: 4,640,949
Track ANF

BDK 61.13

+0.00 +0.00%
Volume: 963,758
Track BDK

BX 13.61

+0.00 +0.00%
Volume: 4,220,030
Track BX

CPB 35.56

+0.00 +0.00%
Volume: 2,029,856
Track CPB

LEN 12.88

+0.00 +0.00%
Volume: 4,882,272
Track LEN

MTL 20.23

+0.00 +0.00%
Volume: 2,094,709
Track MTL

PSA 79.91

+0.00 +0.00%
Volume: 1,530,032
Track PSA

SLG 45.72

+0.00 +0.00%
Volume: 2,237,893
Track SLG

STM 8.37

+0.00 +0.00%
Volume: 1,328,707
Track STM


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