Notable Analyst Rating Changes 6/24: RTN, ADBE, UST, MVL Upgraded; EMR, NMX, UPS, CRL Downgraded

June 24, 2008 9:54 AM EDT

StreetInsider.com Notable Analyst Rating Changes:

UPGRADES:
J.P. Morgan upgrades Raytheon (NYSE: RTN) from Neutral to Overweight.

Morgan Stanley upgrades Adobe Systems (Nasdaq: ADBE) from Equalweight to Overweight.

UBS upgrades UST (NYSE: UST) from Neutral to Buy.

RBC Capital upgrades Marvel Entertainment (NYSE: MVL) from Sector Perform to Outperform.

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

DOWNGRADES:
Credit Suisse downgrades Emerson Electric (NYSE: EMR) from Outperform to Neutral.

Fox-Pitt downgrades NYMEX Holdings (NYSE: NMX) from Outperform to In-Line.

Baird downgrades UPS (NYSE: UPS) from Outperform to Neutral, citing lowered Q2 guidance. Price target dropped from $86 to $72.

Goldman Sachs downgrades Charles River Laboratories International Inc. (NYSE: CRL) from Buy to Neutral.

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

NEW COVERAGE:
Credit Suisse starts Centex (NYSE: CTX), D.R. Horton (NYSE: DHI), KB Home (NYSE: KBH), Pulte Homes (NYSE: PHM), Ryland (NYSE: RYL) and Toll Brothers (NYSE: TOL) at Outperform.

Morgan Stanley assumes coverage on Oracle (Nasdaq: ORCL) with an Overweight rating.

Genuity Captial initiates coverage on Research In Motion Ltd. (Nasdaq: RIMM) with a Buy rating and $200 price target.

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


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Stocks Mentioned

ADBE 40.91

-1.28 -3.03%
Volume: 10,903,363
Track ADBE

CRL 64.98

-0.82 -1.25%
Volume: 355,382
Track CRL

CTX 16.67

+0.93 +5.91%
Volume: 5,542,900
Track CTX

DHI 12.58

+0.53 +4.40%
Volume: 7,065,819
Track DHI

EMR 44.22

-0.24 -0.54%
Volume: 6,170,759
Track EMR

KBH 20.61

+0.50 +2.49%
Volume: 5,960,482
Track KBH

MVL 32.81

-0.05 -0.15%
Volume: 535,965
Track MVL

NMX 80.67

+0.00 +0.00%
Volume: 0
Track NMX

ORCL 20.07

+0.14 +0.70%
Volume: 47,196,900
Track ORCL

PHM 14.58

+0.63 +4.52%
Volume: 8,303,653
Track PHM

RIMM 106.95

-0.54 -0.50%
Volume: 30,175,272
Track RIMM

RTN 59.71

+1.21 +2.07%
Volume: 4,275,228
Track RTN

RYL 23.77

+1.07 +4.71%
Volume: 1,671,509
Track RYL

TOL 24.20

-0.87 -3.47%
Volume: 8,444,702
Track TOL

UPS 63.89

-0.27 -0.42%
Volume: 4,067,420
Track UPS

UST 67.55

+13.55 +25.09%
Volume: 34,360,326
Track UST


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