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 24.31

+0.30 +1.25%
Volume: 374,046
Track ACOR

BP 57.86

+0.24 +0.42%
Volume: 4,363,679
Track BP

CSCO 24.16

+0.33 +1.38%
Volume: 49,537,567
Track CSCO

GRMN 30.73

+0.33 +1.09%
Volume: 2,311,712
Track GRMN

HRB 20.22

+0.01 +0.05%
Volume: 3,225,447
Track HRB

LAD 7.65

+0.39 +5.37%
Volume: 509,365
Track LAD

MR 30.51

-0.11 -0.36%
Volume: 941,227
Track MR

PT 12.64

-0.01 -0.08%
Volume: 94,998
Track PT

RIG 83.00

-1.22 -1.45%
Volume: 5,427,909
Track RIG

TGT 45.64

-0.71 -1.53%
Volume: 17,511,666
Track TGT

WMT 54.24

-0.20 -0.37%
Volume: 11,121,263
Track WMT


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