StreetInsider.com Notable Analyst Rating Changes 11/27
Notable Analyst Rating Changes:
UPGRADES:
Bear Stearns upgrades BP (NYSE: BP) and Chevron (NYSE: CVX) from Peer Perform to Outperform and Marathon (NYSE: MRO) from Underperform to Peer Perform.
Goldman upgrades the Defensive, Tobacco sector stocks to Attractive.
Credit Suisse upgrades AXA (NYSE: AXA) from Neutral to Outperform.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES:
Baird downgrades Genlyte (Nasdaq: GLYT) from Outperform to Neutral. Price target $95. The firm says another bid for the company is unlikely.
UBS downgrades BRE Properties (NYSE: BRE) from Neutral to Sell. Price target $41.
Goldman downgrades US Software sector stocks from Attractive to Neutral.
For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades
NEW COVERAGE:
Soleil Securities Group initiates coverage on the homebuilding industry with a 'cautious stance'. Starts at Buy: Centex (NYSE: CTX), Toll Brothers (NYSE: TOL) and Lennar (NYSE: LEN). Starts at Hold: D.R. Horton (NYSE: DHI), KB Home (NYSE: KBH) and Pulte Homes (NYSE: PHM).
Sterne Agee initiates coverage on footwear and apparel manufacturers including: Deckers Outdoor (Nasdaq: DECK) and Skechers USA (NYSE: SKX) at Buy, Wolverine World Wide (NYSE: WWW) at Hold and Columbia Sportswear (Nasdaq: COLM) at Sell.
CIBC initiates coverage on Akamai Technologies (Nasdaq: AKAM) with a Sector Perform.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
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