Notable Analyst Rating Changes 2/21: CSCO, GRMN, RIG Upgraded; TGT, LAD, BP, PT Downgraded

February 21, 2008 10:01 AM EST

StreetInsider.com Notable Analyst Rating Changes:

UPGRADES:
Citigroup upgrades Cisco (Nasdaq: CSCO) from Hold to Buy and raises their price target to $27.

Baird upgrades Garmin (Nasdaq: GRMN) from Neutral to Outperform but lowers their price target to $79.

Goldman Sachs upgrades Transocean Inc. (NYSE: RIG) from Neuetral to Buy.

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

DOWNGRADES:
Citigroup downgrades Target (NYSE: TGT) from Hold to Sell, citing competition from Wal-Mart (NYSE: WMT) and lower profitability from the credit card unit.

Stephens and Raymond James downgrade Lithia Motors (NYSE: LAD) to Equal Weight and Underperform, respectively.

Citigroup downgrades BP (NYSE: BP) from Hold to Sell.

Bear Stearns downgrades Portugal Telecom (NYSE: PT) from Outperform to Peer Perform.

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

NEW COVERAGE:
Goldman Sachs reinstates coverage on H&R Block, Inc. (NYSE: HRB) with a Neutral rating and $20 price target.

Baird initiates coverage on Acorda Therapeutics (Nasdaq: ACOR) with a Neutral rating and $28 price target.

Citigroup initiates coverage on Mindray Medical (NYSE: MR) with a Buy rating.

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


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Stocks Mentioned

ACOR 23.74

-0.25 -1.04%
Volume: 874,811
Track ACOR

BP 25.13

-22.84 -47.61%
Volume: 447,265
Track BP

CSCO 18.50

-0.30 -1.60%
Volume: 41,562,541
Track CSCO

GRMN 23.72

-0.33 -1.37%
Volume: 1,944,851
Track GRMN

HRB 16.89

-0.44 -2.54%
Volume: 4,523,407
Track HRB

LAD 9.75

-0.23 -2.30%
Volume: 257,389
Track LAD

MR 28.72

+0.60 +2.13%
Volume: 434,967
Track MR

PT 28.75

+18.65 +184.65%
Volume: 438,744
Track PT

RIG 27.47

-46.00 -62.61%
Volume: 443,162
Track RIG

TGT 26.37

-12.32 -31.84%
Volume: 446,551
Track TGT

WMT 26.33

-22.04 -45.57%
Volume: 440,934
Track WMT


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