Notable Analyst Rating Changes 11/11: SMI, TOL, SFD, MCHP Upgraded; PCLN, SNV, RHIE, ADBE, SIGM, HUM Downgraded

November 11, 2009 10:56 AM EST

UPGRADES:
Bank of America upgrades Semi Manufacturing International (NYSE: SMI) from Underperform to Neutral.

Wells Fargo Securities upgrades Toll Brothers, Inc. (NYSE: TOL) Market Perform to Outperform with a $24-$26 valuation. Click Here for more color.

Deutsche Bank upgrades Smithfield Foods (NYSE: SFD) from Hold to Buy and raised their price target from $12 to $20. Click Here for more color.

Goldman Sachs upgraded Microchip Technology Inc. (NASDAQ: MCHP) from Sell to Neutral. Click Here for more color.

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

DOWNGRADES:
Credit Suisse downgrades Priceline.com (NASDAQ: PCLN) to Neutral. Price target $210.

Morgan Keegan downgrades Synovus Financial (NYSE: SNV) from Outperform to Market Perform.

Thomas Weisel and J.P. Morgan downgrade RHI Entertainment (NASDAQ: RHIE) from to Underweight and Neutral, respectively. J.P. Morgan slashed their price target from $4 to $0.75.

Oppenheimer downgrades Adobe (NASDAQ: ADBE) to Market Perform.

Collins Stewart downgrades Sigma Designs (NASDAQ: SIGM) to Sell. Price target $9. For more color, Click Here.

Hilliard Lyons downgrades Humana (NYSE: HUM) from Buy to Neutral.

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

NEW COVERAGE:
MKM Partners initiates coverage on Palm (NASDAQ: PALM) with a Neutral rating.

Bernstein initiates coverage on Hyatt Hotels (NYSE: H) with an Underperform rating.

Bank of America re-instates coverage on Wynn Resorts (NASDAQ: WYNN) with a Buy rating. Price target $75.

Susquehanna initiates coverage on Cameron International (NYSE: CAM) with a Positive. Price target $48. Click Here for more color.

J.P. Morgan initiates coverage on Banco Santander (NASDAQ: BSBR) with an Overweight rating.

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


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Stocks Mentioned

ADBE 36.15

+0.20 +0.56%
Volume: 1,486,627
Track ADBE

BSBR 13.34

-0.06 -0.45%
Volume: 5,386,081
Track BSBR

CAM 38.22

+0.02 +0.05%
Volume: 1,111,818
Track CAM

H 28.56

+0.02 +0.07%
Volume: 213,378
Track H

HUM 42.08

+0.22 +0.53%
Volume: 643,621
Track HUM

MCHP 26.33

-0.14 -0.53%
Volume: 1,272,030
Track MCHP

PALM 11.17

+0.07 +0.63%
Volume: 3,472,589
Track PALM

PCLN 212.20

+1.32 +0.63%
Volume: 427,029
Track PCLN

RHIE 0.65

-0.01 -1.52%
Volume: 178,586
Track RHIE

SFD 15.97

+0.04 +0.25%
Volume: 624,695
Track SFD

SIGM 11.67

-0.07 -0.60%
Volume: 188,202
Track SIGM

SMI 3.08

-0.05 -1.60%
Volume: 43,490
Track SMI

SNV 1.77

+0.28 +18.79%
Volume: 22,130,131
Track SNV

TOL 19.49

-0.01 -0.05%
Volume: 2,928,502
Track TOL

WYNN 65.31

+2.29 +3.63%
Volume: 1,827,396
Track WYNN


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