Notable Analyst Rating Changes 2/12: SLB, TWX, LCAPA Upgraded; MBI, PNM, BHI Downgraded

February 12, 2008 9:36 AM EST

StreetInsider.com Notable Analyst Rating Changes:

UPGRADES:
Bear Stearns upgrades Schlumberger (NYSE: SLB) from Peer Perform to Outperform.

UBS upgrades Time Warner (NYSE: TWX) from Neutral to Buy.

Lehman Bros. upgrades Liberty Media (Nasdaq: LCAPA) from Equalweight to Overweight, citing positive catalysts. Price target increased to $145 from $133.

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

DOWNGRADES:
Piper Jaffray downgrades MBIA Inc. (NYSE: MBI) from Buy to Neutral and lowers its price target from $17 to $15.

Lehman Brothers and Citi downgrade PNM Resources (NYSE: PNM) to Equalweight and Hold, respectively.

UBS downgrades Baker Hughes (NYSE: BHI) from Buy to Neutral. Price target $72.

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

NEW COVERAGE:
Deutsche Bank initiates coverage on Capstead Mortgage (NYSE: CMO) with a Buy rating and an $18 price target.

BMO Capital initiates coverage on Bionovo (Nasdaq: BNVI) with a Market Perform rating. Price target $3.50.

Needham & Co initiates coverage on Synchronoss Technologies (Nasdaq: SNCR) with a Buy. Price target $24.

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


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Stocks Mentioned

BHI 43.22

+0.72 +1.69%
Volume: 4,376,251
Track BHI

BNVI 0.44

-0.01 -2.22%
Volume: 384,936
Track BNVI

CMO 13.39

+0.13 +0.98%
Volume: 557,175
Track CMO

LCAPA 24.68

+0.67 +2.79%
Volume: 477,410
Track LCAPA

MBI 3.75

+0.23 +6.53%
Volume: 20,134,601
Track MBI

PNM 11.52

-0.02 -0.17%
Volume: 596,067
Track PNM

SLB 66.14

+0.76 +1.16%
Volume: 6,892,526
Track SLB

SNCR 13.36

+0.09 +0.68%
Volume: 71,927
Track SNCR

TWX 31.91

+0.21 +0.66%
Volume: 6,704,731
Track TWX


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