Notable Analyst Rating Changes 6/26: COCO, SOLF, PTRY Upgraded; GM, RHT, GS, MGM Downgraded

June 26, 2008 10:08 AM EDT

StreetInsider.com Notable Analyst Rating Changes:

UPGRADES:
Lehman Bros. upgrades Corinthian Colleges (Nasdaq: COCO) from Equalweight to Overweight. Price target $15.

Goldman Sachs upgrades Solarfun Power Holdings Co. Ltd. (Nasdaq: SOLF) from Sell to Neutral.

Friedman Billings upgrades The Pantry (Nasdaq: PTRY) from Market Perform to Outperform, citing attractive valuation. Price target $13.50.

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

DOWNGRADES:
Goldman Sachs downgrades GM (NYSE: GM) from Neutral to Sell, saying rising gas prices, falling consumer confidence and tighter credit conditions will weigh on profits.

Oppenheimer downgrades Red Hat (NYSE: RHT) from Outperform to Market Perform.

Wachovia downgrades Goldman Sachs (NYSE: GS) from Outperform to Market Perform.

J.P. Morgan downgrades MGM Mirage (NYSE: MGM) from Overweight to Neutral.

Goldman Sachs added Citigroup Inc. (NYSE: C) to its Conviction Sell List. The firm said Citi may take an additional $8.9 billion in write-downs in Q2.

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

NEW COVERAGE:
Stifel Nicolaus initiates coverage on Sonic Corp. (Nasdaq: SONC) with a Buy rating.

Broadpoint Capital initiates covearge on Capstone Turbine (Nasdaq: CPST) with a Buy and $6 price target, saying larger microturbine systems could be a game changer.

Stifel initiates Discovery Holdings (Nasdaq: DISCA) with A Hold. Stifel is concerned that DVR usage will lower the amount of time users view cable channels, thus hurting Discovery Holdings.

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


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Stocks Mentioned

C 26.20

+23.23 +782.15%
Volume: 448,666
Track C

COCO 15.99

-0.75 -4.48%
Volume: 968,727
Track COCO

CPST 0.83

+0.00 +0.00%
Volume: 2,045,754
Track CPST

DISCA 22.08

-0.91 -3.96%
Volume: 1,749,197
Track DISCA

GM 1.43

+0.00 +0.00%
Volume: 341,588,570
Track GM

GS 29.82

-117.50 -79.76%
Volume: 440,937
Track GS

MGM 25.09

+18.84 +301.44%
Volume: 444,701
Track MGM

PTRY 15.62

-0.61 -3.76%
Volume: 293,160
Track PTRY

RHT 25.06

+4.43 +21.47%
Volume: 440,649
Track RHT

SOLF 6.24

-0.27 -4.15%
Volume: 836,622
Track SOLF

SONC 9.86

-0.42 -4.09%
Volume: 639,240
Track SONC


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