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 26.61

+1.04 +4.07%
Volume: 10,936,159
Track BBT

BIOD 3.87

-0.11 -2.76%
Volume: 28,394
Track BIOD

BMS 30.81

+0.34 +1.12%
Volume: 1,336,428
Track BMS

CSUN 4.21

+0.09 +2.18%
Volume: 324,365
Track CSUN

CVC 24.95

+0.14 +0.56%
Volume: 2,265,240
Track CVC

HCP 32.84

+0.53 +1.64%
Volume: 5,048,659
Track HCP

HW 4.69

+0.13 +2.85%
Volume: 981,680
Track HW

LEG 20.03

+0.29 +1.47%
Volume: 1,298,129
Track LEG

XCO 17.45

+0.18 +1.04%
Volume: 1,706,945
Track XCO


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