Notable Analyst Rating Changes 9/23: NLY, SSCC, APC Upgraded; GE, FIG, CC, MPEL Downgraded

September 23, 2008 10:15 AM EDT

UPGRADES:
Merrill Lynch upgrades Annaly (NYSE: NLY) from Neutral to Buy.

Goldman Sachs upgrades Smurfit-Stone Container Corp. (Nasdaq: SSCC) from Neutral to Buy with an $8 price target

Stanford Group upgrades Anadarko Petroleum (NYSE: APC) from Hold to Buy.

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

DOWNGRADES:
Merrill Lynch downgrades General Electric (NYSE: GE) from Buy to Neutral and cuts its price target from $37.50 to $28, citing growing fundamental pressures.

Keefe, Bruyette and Woods downgrades Fortress Investment Group (NYSE: FIG) from Outperform to Market Perform.

Jefferies & Co downgrades Circuit City (NYSE: CC) from Hold to Underperform.

J.P. Morgan downgrades Melco Crown Entertainment (Nasdaq: MPEL) from Overweight to Neutral.

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

NEW COVERAGE:
Jefferies & Co initiates coverage on McCormick & Schmick’s (Nasdaq: MSSR) with a Buy rating. Price target $12.

Jesup & Lamont initiates coverage on O'Reilly Automotive (Nasdaq: ORLY) with a Buy. Price target $36.

Soleil Securities initiates coverage on United Rentals, Inc. (NYSE: URI) with a Sell. Price target $14.

Stifel Nicolaus initiates coverage on Owens Corning (NYSE: OC) with a Buy rating.

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


Related Categories

Special Reports

Stocks Mentioned

APC 33.45

-3.55 -9.59%
Volume: 8,402,608
Track APC

CC 0.11

+0.00 +0.00%
Volume: 5,602,150
Track CC

FIG 1.89

+0.02 +1.07%
Volume: 694,885
Track FIG

GE 17.55

-0.58 -3.20%
Volume: 112,149,137
Track GE

MPEL 3.35

+0.22 +7.03%
Volume: 1,119,683
Track MPEL

MSSR 3.77

+0.15 +4.14%
Volume: 142,043
Track MSSR

NLY 13.38

-0.77 -5.44%
Volume: 16,940,323
Track NLY

OC 15.04

-0.24 -1.57%
Volume: 812,917
Track OC

ORLY 26.55

+0.00 +0.00%
Volume: 2,440,921
Track ORLY

SSCC 0.48

+0.00 +0.00%
Volume: 1,254,307
Track SSCC

URI 6.09

-1.08 -15.06%
Volume: 1,985,918
Track URI


Related Entities


Add Your Comment