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 31.59

+0.25 +0.80%
Volume: 4,627,054
Track ADM

BHP 75.27

-1.86 -2.41%
Volume: 6,886,442
Track BHP

COG 38.04

+0.36 +0.96%
Volume: 1,650,577
Track COG

CPWR 7.18

+0.08 +1.13%
Volume: 1,980,022
Track CPWR

DO 97.20

-2.83 -2.83%
Volume: 2,698,465
Track DO

ITT 52.38

+1.13 +2.20%
Volume: 2,436,568
Track ITT

LTD 18.32

+0.17 +0.94%
Volume: 5,700,518
Track LTD

OXY 78.65

-1.50 -1.87%
Volume: 7,056,301
Track OXY

PRU 48.59

+0.40 +0.83%
Volume: 5,090,073
Track PRU

SNP 85.35

+0.58 +0.68%
Volume: 285,861
Track SNP

TOL 18.08

+0.06 +0.33%
Volume: 5,659,868
Track TOL

WLP 53.88

+0.22 +0.41%
Volume: 3,800,646
Track WLP


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