Notable Analyst Rating Changes 3/26: XTO, CCO, XJT Upgraded; JBL, PFCB, CTB Downgraded

March 26, 2008 9:34 AM EDT

StreetInsider.com Notable Analyst Rating Changes:

UPGRADES:
Bernstein upgrades XTO Energy (NYSE: XTO) from Market Perform to Outperform with an $69 price target.

Jefferies & Co upgrades Clear Channel Outdoor (NYSE: CCO) from Hold to Buy, citing positive growth outlook and attractive entry point into shares. Price target $25.

Avondale upgrades ExpressJet (NYSE: XJT) from Market Underperform to Market Perform.

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

DOWNGRADES:
J.P. Morgan downgrades Jabil Circuit (NYSE: JBL) from Overweight to Underweight.

Friedman Billings downgrades P.F. Chang's (Nasdaq: PFCB) from Market Perform to Underperform. Price target $23.

KeyBanc downgrades Cooper Tire & Rubber Company (NYSE: CTB) from Aggressive Buy to Hold.

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

NEW COVERAGE:
Sterne Agee initiates coverage on Caterpillar (NYSE: CAT) with a Hold. Price target $74.

Merrill Lynch initiates coverage on Perfect World (Nasdaq: PWRD) with a Buy.

Lehman and Wachovia start ArcSight (Nasdaq: ARST) at Equalweight and Outperform, respectively.

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


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Stocks Mentioned

ARST 16.87

-0.51 -2.93%
Volume: 655,154
Track ARST

CAT 28.71

-4.48 -13.50%
Volume: 440,941
Track CAT

CCO 26.38

+21.06 +395.86%
Volume: 442,845
Track CCO

CTB 28.78

+18.02 +167.47%
Volume: 447,181
Track CTB

JBL 7.20

-0.47 -6.13%
Volume: 2,676,700
Track JBL

PFCB 32.07

-1.49 -4.44%
Volume: 474,454
Track PFCB

PWRD 29.54

-0.57 -1.89%
Volume: 740,683
Track PWRD

XJT 27.48

+26.15 +1,966.17%
Volume: 443,891
Track XJT

XTO 25.08

-12.25 -32.82%
Volume: 443,890
Track XTO


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