Notable Analyst Rating Changes 12/01: PRU, TOL, DO, WLP Upgraded; SNP, LTD, COG, ADM Downgraded

December 1, 2008 10:05 AM EST

UPGRADES:
Citi upgrades Prudential Financial (NYSE: PRU) from Hold to Buy. Price target slashed from $80 to $30.

Credit Suisse upgrades Toll Bros. (NYSE: TOL) from Underperform to Neutral.

Merrill Lynch upgrades Diamond Offshore (NYSE: DO) from Neutral to Buy.

Merrill Lynch upgrades WellPoint (NYSE: WLP) from Neutral to Buy.

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

DOWNGRADES:
Goldman Sachs downgrade China Petroleum & Chemical Corp. (NYSE: SNP) from Buy to Neutral and removed the stock from its Conviction Buy List, citing weaker Chinese demand and potential for fuel-price cuts.

Citi downgrades Limited Brands (NYSE: LTD) to Hold. Price target $9.50.

Morgan Stanley downgrades Cabot Oil (NYSE: COG) from Overweight to Equalweight.

BMO Capital downgrades Archer Daniels Midland (NYSE: ADM) from Outperform to Market Perform. Price target $30.

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

NEW COVERAGE:
Morgan Stanley initiates coverage on Occidental Petroleum (NYSE: OXY) with an Equalweight.

Credit Suisse initiates coverage on BHP Billiton (NYSE: BHP) with an Outperform rating.

Citi initiates coverage on ITT Corporation (NYSE: ITT) with a Neutral.

Cowen & Co initiates coverage on Compuware (Nasdaq: CPWR) with a Neutral.

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


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Stocks Mentioned

ADM 28.76

+1.21 +4.39%
Volume: 440,318
Track ADM

BHP 28.75

-26.75 -48.20%
Volume: 438,210
Track BHP

COG 26.20

-5.31 -16.85%
Volume: 445,581
Track COG

CPWR 6.77

-0.19 -2.73%
Volume: 2,059,066
Track CPWR

DO 28.76

-53.09 -64.86%
Volume: 441,258
Track DO

ITT 43.07

-2.02 -4.48%
Volume: 1,420,891
Track ITT

LTD 11.57

-0.72 -5.86%
Volume: 4,013,022
Track LTD

OXY 28.67

-36.51 -56.01%
Volume: 441,223
Track OXY

PRU 27.48

-9.72 -26.13%
Volume: 448,241
Track PRU

SNP 28.62

-48.09 -62.69%
Volume: 443,404
Track SNP

TOL 27.49

+10.28 +59.73%
Volume: 445,563
Track TOL

WLP 28.72

-22.53 -43.96%
Volume: 443,802
Track WLP


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