Notable Analyst Rating Changes 6/13: LCC, CAL, HERO Upgraded; BUD, FNSR, PDLI, ADM Downgraded

June 13, 2008 9:44 AM EDT

StreetInsider.com Notable Analyst Rating Changes:

UPGRADES:
Merrill Lynch upgrades US Airways Group, Inc. (NYSE: LCC) from Neutral to Buy.

Soleil Securities upgrades Continental Airlines (NYSE: CAL) from Hold to Buy and raises their price target from $17 to $22, citing a combination of fundamentals and price.

Capital One Southcoast upgrades Hercules Offshore (NASDAQ: HERO) from Neutral to Add and raises their price target from $38 to $39.

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

DOWNGRADES:
UBS downgrades Anheuser-Busch (NYSE: BUD) from Buy to Neutral.

Piper Jaffray downgrades Finisar (NASDAQ: FNSR) from Buy to Hold and lowers their price target from $2 to $1.75.

Credit Suisse downgrades PDL BioPharma Inc. (Nasdaq: PDLI) from Outperform to Neutral.

Morgan Stanley downgrades Archer-Daniels-Midland (NYSE: ADM) from Overweight to Equalweight.

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

NEW COVERAGE:
Lehman Bros. initiates coverage on Ingersoll-Rand (NYSE: IR) with an Equalweight.

Lazard initiates coverage on ENGlobal (NYSE: ENG) with a Buy rating.

Soleil Securities initiates coverage on Dish Network Corp. (Nasdaq: DISH) with an Underweight rating and $24 price target.

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


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Stocks Mentioned

ADM 32.16

-0.45 -1.38%
Volume: 5,627,122
Track ADM

BUD 48.64

+0.32 +0.66%
Volume: 424,183
Track BUD

CAL 13.50

+0.65 +5.06%
Volume: 5,880,646
Track CAL

DISH 20.69

+0.25 +1.22%
Volume: 5,938,488
Track DISH

ENG 3.06

+0.02 +0.66%
Volume: 88,591
Track ENG

FNSR 8.07

+0.25 +3.20%
Volume: 1,321,372
Track FNSR

HERO 5.57

-0.13 -2.28%
Volume: 3,582,737
Track HERO

IR 35.65

+0.44 +1.25%
Volume: 5,682,499
Track IR

LCC 3.23

+0.17 +5.56%
Volume: 7,052,212
Track LCC

PDLI 8.28

+0.10 +1.22%
Volume: 1,798,786
Track PDLI


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