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 24.00

+0.02 +0.08%
Volume: 303,048
Track ACOR

BP 59.13

-0.80 -1.33%
Volume: 5,201,095
Track BP

CSCO 23.65

-0.34 -1.42%
Volume: 43,080,150
Track CSCO

GRMN 28.83

+0.71 +2.52%
Volume: 3,548,327
Track GRMN

HRB 19.34

-0.08 -0.41%
Volume: 2,128,595
Track HRB

LAD 9.44

+0.17 +1.83%
Volume: 604,454
Track LAD

MR 32.02

-2.07 -6.07%
Volume: 1,943,655
Track MR

PT 12.19

-0.06 -0.49%
Volume: 87,004
Track PT

RIG 88.50

+0.35 +0.40%
Volume: 2,797,914
Track RIG

TGT 50.49

+0.04 +0.08%
Volume: 4,833,228
Track TGT

WMT 52.31

+0.31 +0.60%
Volume: 16,823,367
Track WMT


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