Notable Analyst Rating Changes 8/25: BBT, CSUN, LEG, BMS Upgraded; CVC, ALO, HW Downgraded

August 25, 2008 9:50 AM EDT

StreetInsider.com Notable Analyst Rating Changes:

UPGRADES:
Citi upgrades BB&T (NYSE: BBT) from Hold to Buy. Price target $34.

Jefferies & Co upgrades China Sunergy (Nasdaq: CSUN) from Hold to Buy. Price target $15.

Stifel Nicolaus upgrades Leggett & Platt (NYSE: LEG) from Hold to Buy.

Merrill Lynch upgrades Bemis (NYSE: BMS) from Underperform to Neutral.

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

DOWNGRADES:
Citi downgrades Cablevision Systems (NYSE: CVC) from Buy to Sell. Price target $29.

Roth Capital downgrades Alpharma, Inc. (NYSE: ALO) from Buy to Hold with a $36 price target.

Wedbush Morgan downgrades Headwaters Inc. (NYSE: HW) from Buy to Hold with a $15 price target.

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

NEW COVERAGE:
Merrill Lynch initiates coverage on HCP (NYSE: HCP) with a Neutral. Price target $35.

Leerink Swann initiates coverage on Biodel Inc. (Nasdaq: BIOD) with an Outperform rating.

RBC Capital initiates coverage on EXCO Resources Inc. (NYSE: XCO) with an Outperform rating and $43 price target.

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


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Stocks Mentioned

ALO 36.94

+0.00 +0.00%
Volume: 6,400
Track ALO

BBT 25.08

-0.15 -0.59%
Volume: 4,646,066
Track BBT

BIOD 4.18

-0.29 -6.49%
Volume: 56,249
Track BIOD

BMS 28.50

+0.36 +1.28%
Volume: 1,355,878
Track BMS

CSUN 3.79

+0.01 +0.26%
Volume: 375,400
Track CSUN

CVC 25.21

-0.27 -1.06%
Volume: 1,181,924
Track CVC

HCP 28.58

-0.27 -0.94%
Volume: 3,377,566
Track HCP

HW 4.60

-0.11 -2.34%
Volume: 616,004
Track HW

LEG 19.81

+0.24 +1.23%
Volume: 1,822,392
Track LEG

XCO 17.87

-0.49 -2.67%
Volume: 2,378,862
Track XCO


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