Notable Analyst Rating Changes 8/22: CHS, CRM, BCSI, RRC Upgraded; LVS, BKC, PSUN Downgraded

August 22, 2008 9:50 AM EDT

StreetInsider.com Notable Analyst Rating Changes:

UPGRADES:
Goldman Sachs upgrades Chico's FAS (NYSE: CHS) from Sell to Neutral.

JMP Securities upgrades salesforce.com (NYSE: CRM) from Market Perform to Market Outperform.

Brean Murray upgrades Blue Coat Systems (Nasdaq: BCSI) from Sell to Hold.

Merrill Lynch upgrades Range Resources (NYSE: RRC) from Neutral to Buy.

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

DOWNGRADES:
BofA downgrades Las Vegas Sands (NYSE: LVS) from Neutral to Sell.

UBS downgrades Burger King (NYSE: BKC) from Buy to Neutral.

Baird, Friedman Billings Ramsey and Roth Capital downgrade Pacific Sunwear (Nasdaq: PSUN) to Neutral, Market Perform and Hold, respectively.

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

NEW COVERAGE:
Baird initiates coverage on Amedisys (Nasdaq: AMED) with a Outperform, saying shares currently offer compelling entry point. Price target $68.

UBS initiates coverage on O'Reilly Automotive (Nasadq: ORLY) with a Buy rating.

UBS initiates coverage on AutoZone (NYSE: AZO) with a Neutral rating.

UBS initiates coverage on Advance Auto Parts (NYSE: AAP) with a Sell rating.

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


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Stocks Mentioned

AAP 29.41

-0.56 -1.87%
Volume: 2,229,389
Track AAP

AMED 38.32

+0.70 +1.86%
Volume: 832,400
Track AMED

AZO 115.80

+7.44 +6.87%
Volume: 1,614,807
Track AZO

BCSI 7.87

-0.13 -1.63%
Volume: 929,219
Track BCSI

BKC 18.78

-0.71 -3.64%
Volume: 3,148,144
Track BKC

CHS 2.43

+0.00 +0.00%
Volume: 4,841,943
Track CHS

CRM 31.73

+2.66 +9.15%
Volume: 5,366,690
Track CRM

LVS 5.03

+0.39 +8.41%
Volume: 20,411,200
Track LVS

PSUN 1.86

+0.23 +14.11%
Volume: 918,383
Track PSUN

RRC 38.43

+1.39 +3.75%
Volume: 2,979,204
Track RRC


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