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 29.97

+1.81 +6.43%
Volume: 1,265,441
Track AAP

AMED 37.62

+2.88 +8.29%
Volume: 925,229
Track AMED

AZO 108.36

+7.31 +7.23%
Volume: 1,860,166
Track AZO

BCSI 8.00

-0.01 -0.12%
Volume: 682,373
Track BCSI

BKC 19.49

-0.15 -0.76%
Volume: 1,205,400
Track BKC

CHS 2.43

+0.14 +6.11%
Volume: 6,039,461
Track CHS

CRM 29.07

+2.12 +7.87%
Volume: 5,280,562
Track CRM

LVS 4.64

+0.64 +16.00%
Volume: 17,445,001
Track LVS

PSUN 1.63

+0.02 +1.24%
Volume: 900,909
Track PSUN

RRC 37.04

+0.23 +0.62%
Volume: 2,626,975
Track RRC


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