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 40.92

+0.57 +1.41%
Volume: 1,466,182
Track AAP

AMED 38.30

+0.48 +1.27%
Volume: 515,366
Track AMED

AZO 152.08

+0.68 +0.45%
Volume: 735,804
Track AZO

BCSI 26.32

+0.34 +1.31%
Volume: 524,546
Track BCSI

BKC 18.27

+0.18 +1.00%
Volume: 2,689,250
Track BKC

CHS 14.04

+0.17 +1.23%
Volume: 3,180,883
Track CHS

CRM 65.95

+1.26 +1.95%
Volume: 1,462,495
Track CRM

LVS 16.17

+0.04 +0.25%
Volume: 29,447,944
Track LVS

PSUN 3.28

+0.11 +3.47%
Volume: 1,064,802
Track PSUN

RRC 45.18

-1.70 -3.63%
Volume: 4,917,913
Track RRC


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