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 4.20

+0.02 +0.48%
Volume: 168,787,634
Track C

COCO 15.49

-0.08 -0.51%
Volume: 932,631
Track COCO

CPST 1.15

-0.01 -0.86%
Volume: 1,289,506
Track CPST

DISCA 30.49

+0.08 +0.26%
Volume: 521,200
Track DISCA

GM 1.43

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

GS 179.77

+3.26 +1.85%
Volume: 5,083,661
Track GS

MGM 10.85

+0.45 +4.33%
Volume: 21,915,997
Track MGM

PTRY 14.45

-0.18 -1.23%
Volume: 51,032
Track PTRY

RHT 27.84

+0.28 +1.02%
Volume: 752,490
Track RHT

SOLF 5.18

+0.00 +0.00%
Volume: 317,513
Track SOLF

SONC 9.67

-0.03 -0.31%
Volume: 327,730
Track SONC


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