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 26.20

-15.89 -37.75%
Volume: 451,684
Track AAP

AMED 31.91

-2.28 -6.67%
Volume: 449,039
Track AMED

AZO 28.64

-124.12 -81.25%
Volume: 435,036
Track AZO

BCSI 16.50

-0.01 -0.06%
Volume: 547,990
Track BCSI

BKC 25.05

+7.68 +44.21%
Volume: 441,755
Track BKC

CHS 27.46

+17.58 +177.94%
Volume: 445,534
Track CHS

CRM 29.82

-9.09 -23.36%
Volume: 436,244
Track CRM

LVS 7.36

-0.34 -4.42%
Volume: 11,378,663
Track LVS

PSUN 3.16

-0.20 -5.95%
Volume: 571,003
Track PSUN

RRC 27.48

-13.64 -33.17%
Volume: 446,419
Track RRC


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