Notable Analyst Rating Changes 9/19: CREE, ORCL, GPS Upgraded; CEG, CTAS, OMX Downgraded

September 19, 2008 10:21 AM EDT

UPGRADES:
Oppenheimer upgrades Cree (Nasdaq: CREE) from Perform to Outperform. Price target $31.

Piper Jaffray upgrades Oracle Corporation (Nasdaq: ORCL) from Neutral Buy.

Goldman Sachs upgrades Gap Inc. (NYSE: GPS) from Neutral to Buy.

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

DOWNGRADES:
BofA downgrades Constellation Energy Group (NYSE: CEG) from Buy to Neutral.

Citi downgrades Cintas (Nasdaq: CTAS) from Hold to Sell.

Friedman Billings Ramsey downgrades OfficeMax (NYSE: OMX) from Outperform to Market Perform.

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

NEW COVERAGE:
Lehman Bros. initiates coverage on Dick's Sporting Goods (NYSE: DKS) with an Overweight.

BMO Capital initiates coverage on Costco (Nasdaq: COST) with a Market Perform rating.

Soleil Securities initiates coverage on Applied Materials (Nasdaq: AMAT) with a Buy. Price target $20.50.

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


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Stocks Mentioned

AMAT 13.32

+0.25 +1.91%
Volume: 20,063,980
Track AMAT

CEG 33.56

-0.44 -1.29%
Volume: 2,768,852
Track CEG

COST 59.19

+0.17 +0.29%
Volume: 4,936,873
Track COST

CREE 52.12

+0.42 +0.81%
Volume: 1,495,133
Track CREE

CTAS 29.41

+0.68 +2.37%
Volume: 1,131,366
Track CTAS

DKS 21.92

+1.16 +5.59%
Volume: 3,494,198
Track DKS

GPS 21.77

+0.33 +1.54%
Volume: 12,668,348
Track GPS

OMX 12.69

+1.73 +15.78%
Volume: 5,170,797
Track OMX

ORCL 22.83

+0.19 +0.84%
Volume: 27,813,755
Track ORCL


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