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 28.76

+1.21 +4.39%
Volume: 440,318
Track ADM

BUD 68.58

+0.00 +0.00%
Volume: 1,620,239
Track BUD

CAL 26.28

+17.06 +185.03%
Volume: 443,112
Track CAL

DISH 16.10

-0.38 -2.31%
Volume: 3,908,488
Track DISH

ENG 4.59

-0.40 -8.02%
Volume: 149,967
Track ENG

FNSR 0.54

-0.02 -3.57%
Volume: 1,062,566
Track FNSR

HERO 3.47

-0.34 -8.92%
Volume: 2,209,949
Track HERO

IR 20.80

-0.60 -2.80%
Volume: 3,671,275
Track IR

LCC 2.46

+0.05 +2.07%
Volume: 3,808,116
Track LCC

PDLI 7.98

-0.03 -0.37%
Volume: 2,724,407
Track PDLI


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