Notable Analyst Rating Changes 4/30: BP, CBS, RT Upgraded; TMA, BX, VLO Downgraded

April 30, 2008 10:22 AM EDT

StreetInsider.com Notable Analyst Rating Changes:

UPGRADES:
Credit Suisse upgrades BP (NYSE: BP) from Neutral to Outperform.

Citi upgrades CBS Corp. (NYSE: CBS) from Sell to Hold. Price target $23.

SunTrust Robinson Humphrey upgrades Ruby Tuesday, Inc. (NYSE: RT) from Neutral to Buy with a $10 price target, saying the stock looks undervalued.

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

DOWNGRADES:
Friedman Billings downgrades Thornburg Mortgage (NYSE: TMA) to Underperform. Price target lowered to $0.50.

Merrill Lynch downgrades Blackstone Group (NYSE: BX) from Buy to Neutral.

Credit Suisse dowgnrades Valero Energy (NYSE: VLO) from Outperform to Neutral.

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

NEW COVERAGE:
Morgan Stanley initiates coverage on Mariner Energy (NYSE: ME) with an Underweight rating.

Thomas Weisel initiates coverage on CardioNet (Nasdaq: BEAT) with an Overweight rating. Price target $29.

JP Morgan initiates coverage on Invesco (NYSE: IVZ) with an Overweight rating.

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


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Stocks Mentioned

BEAT 9.40

-0.17 -1.78%
Volume: 3,581,953
Track BEAT

BP 25.13

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

BX 25.07

+14.26 +131.91%
Volume: 445,698
Track BX

CBS 25.19

+18.25 +262.97%
Volume: 448,050
Track CBS

IVZ 16.78

-0.91 -5.14%
Volume: 3,270,549
Track IVZ

ME 28.78

+16.87 +141.65%
Volume: 431,981
Track ME

RT 28.61

+21.86 +323.85%
Volume: 442,717
Track RT

TMA 0.24

+0.00 +0.00%
Volume: 17,069,102
Track TMA

VLO 27.51

+10.09 +57.92%
Volume: 447,611
Track VLO


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