Notable Analyst Rating Changes 6/25: GD, NDAQ, JBL, BP Upgraded; BA, RPM, BTRX Downgraded

June 25, 2008 9:47 AM EDT

StreetInsider.com Notable Analyst Rating Changes:

UPGRADES:
Goldman Sachs upgrades General Dynamics Corp. (NYSE: GD) from Neutral to Buy, maintaing its $95 price target.

Piper Jaffray upgrades NASDAQ (NASDAQ: NDAQ) from Neutral to Buy with a $43 price target. The firm also lowers their 2008 and 2009 EPS estimates from $1.90/$2.16 to $1.88/$2.37.

Merrill Lynch upgrades Jabil Circuit (NYSE: JBL) from Neutral to Buy.

Morgan Stanley upgrades BP (NYSE: BP) from Equal-Weight to Overweight, calling the stock its preferred supermajor in Europe.

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

DOWNGRADES:
Goldman Sachs downgrades Boeing (NYSE: BA) from Neutral to Sell, and adds the stock to their Conviction Sell List. Goldman cited a weak economy and surging fuel prices.

KeyBanc downgrades RPM International (NYSE: RPM) from Buy to Hold.

Roth Capital downgrades Barrier Therapeutics (Nasdaq: BTRX) from Buy to Hold on acquisition news.

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

NEW COVERAGE:
J.P. Morgan initiates coverage on Schering-Plough (NYSE: SGP) with an Overweight.

J.P. Morgan initiates coverage on Merck (NYSE: MRK) with an Overweight rating.

Citi starts Altria (NYSE: MO) and Philip Morris International (NYSE: PM) at Buy and Reynolds American (NYSE: RAI) at Hold.

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


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Stocks Mentioned

BA 50.32

-1.03 -2.01%
Volume: 4,731,291
Track BA

BP 59.13

-0.80 -1.33%
Volume: 5,199,495
Track BP

BTRX 0.15

+0.00 +0.00%
Volume: 130
Track BTRX

GD 66.56

-0.75 -1.11%
Volume: 1,868,626
Track GD

JBL 14.77

-0.06 -0.40%
Volume: 2,604,714
Track JBL

MO 19.07

+0.20 +1.06%
Volume: 17,101,990
Track MO

MRK 33.61

+0.18 +0.54%
Volume: 15,263,772
Track MRK

NDAQ 18.39

-0.31 -1.66%
Volume: 1,895,928
Track NDAQ

PM 49.83

-0.04 -0.08%
Volume: 5,515,195
Track PM

RAI 49.27

+0.17 +0.35%
Volume: 1,573,320
Track RAI

RPM 19.19

+0.21 +1.11%
Volume: 952,345
Track RPM

SGP 28.15

+0.00 +0.00%
Volume: 90,956,831
Track SGP


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