Notable Analyst Rating Changes 12/30: AXYS, RDEN Upgraded; DOW, GHL, THRM Downgraded

December 30, 2008 9:41 AM EST

UPGRADES:
Morgan Joseph upgrades Axsys Technologies (Nasdaq: AXYS) to Buy. Price target $64.

Wedbush Morgan upgrades Elizabeth Arden (Nasdaq: RDEN) from Hold to Buy. Price target $15.

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

DOWNGRADES:
Both Moody's and S&P downgraded Dow Chemical's (NYSE: DOW) credit ratings to 'Baa1' and 'BBB', respectively.

Keefe, Bruyette and Woods downgrades Greenhill (NYSE: GHL) from Outperform to Market Perform. Price target lowered from $72 to $66.

Collins Stewart downgrades Thermage, Inc. (Nasdaq: THRM) to Hold.

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

NEW COVERAGE:
Wedbush Morgan initiates coverage on Family Dollar Stores (NYSE: FDO) with a Hold.

BMO and Piper Jaffray start Grand Canyon Education (Nasdaq: LOPE) at Outperform and Buy, respectively.

Jesup & Lamont initiates coverage on Bristow Group (NYSE: BRS) with a Buy. Price target $37.

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


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Stocks Mentioned

AXYS 54.01

+0.00 +0.00%
Volume: 165,892
Track AXYS

BRS 35.94

+0.68 +1.93%
Volume: 319,550
Track BRS

DOW 28.49

+0.41 +1.46%
Volume: 6,905,436
Track DOW

FDO 30.73

-0.11 -0.36%
Volume: 2,925,471
Track FDO

GHL 82.05

+0.00 +0.00%
Volume: 235,229
Track GHL

LOPE 18.64

+0.04 +0.22%
Volume: 195,430
Track LOPE

RDEN 15.06

+0.26 +1.76%
Volume: 193,838
Track RDEN

THRM 1.54

+0.00 +0.00%
Volume: 2,970
Track THRM


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