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 5.14

+0.01 +0.19%
Volume: 468,699
Track BEAT

BP 58.33

-0.80 -1.35%
Volume: 4,828,173
Track BP

BX 15.66

+0.34 +2.22%
Volume: 2,326,784
Track BX

CBS 13.21

+0.16 +1.23%
Volume: 11,291,334
Track CBS

IVZ 23.77

+0.64 +2.77%
Volume: 4,482,574
Track IVZ

ME 14.51

+0.14 +0.97%
Volume: 1,233,204
Track ME

RT 6.80

+0.05 +0.74%
Volume: 348,433
Track RT

TMA 0.24

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

VLO 17.45

+0.17 +0.98%
Volume: 9,016,112
Track VLO


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