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 26.46

+1.02 +4.01%
Volume: 547,735
Track ACOR

BP 47.37

+1.02 +2.20%
Volume: 9,667,340
Track BP

CSCO 20.03

+0.13 +0.65%
Volume: 50,416,075
Track CSCO

GRMN 43.95

+0.36 +0.83%
Volume: 619,846
Track GRMN

HRB 16.43

-0.37 -2.20%
Volume: 4,489,278
Track HRB

LAD 26.16

+0.49 +1.91%
Volume: 365,334
Track LAD

MR 29.66

+0.15 +0.51%
Volume: 244,259
Track MR

PT 5.55

+0.07 +1.28%
Volume: 213,551
Track PT

RIG 49.31

-0.90 -1.79%
Volume: 6,785,095
Track RIG

TGT 52.36

-0.07 -0.13%
Volume: 3,114,281
Track TGT

WMT 61.79

-0.11 -0.18%
Volume: 4,174,905
Track WMT


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