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 32.61

+0.15 +0.46%
Volume: 6,204,562
Track ADM

BHP 71.66

+0.16 +0.22%
Volume: 3,467,090
Track BHP

COG 41.04

-0.31 -0.75%
Volume: 602,493
Track COG

CPWR 7.54

-0.10 -1.31%
Volume: 2,412,726
Track CPWR

DO 100.52

-0.45 -0.45%
Volume: 1,520,046
Track DO

ITT 52.57

-0.44 -0.83%
Volume: 1,056,214
Track ITT

LTD 18.73

+0.00 +0.00%
Volume: 1,932,342
Track LTD

OXY 84.17

+1.12 +1.35%
Volume: 4,607,265
Track OXY

PRU 47.48

-0.52 -1.08%
Volume: 4,578,282
Track PRU

SNP 88.00

-2.80 -3.08%
Volume: 491,437
Track SNP

TOL 18.39

+0.16 +0.88%
Volume: 5,289,878
Track TOL

WLP 52.36

+0.00 +0.00%
Volume: 2,046,921
Track WLP


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