Notable Analyst Rating Changes 5/16: KR, TJX, APC Upgraded; JCP, RAI, URBN Downgraded

May 16, 2008 10:09 AM EDT

StreetInsider.com Notable Analyst Rating Changes:

UPGRADES:
Morgan Stanley upgrades Kroger (NYSE: KR) from Equalweight to Overweight.

Goldman Sachs upgrades TJX Companies (NYSE: TJX) from Neutral to Buy.

Lehman Bros upgrades Anadarko (NYSE: APC) from Equalweight to Overweight, citing attractive valuation.

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

DOWNGRADES:
Goldman Sachs downgrades J.C. Penney (NYSE: JCP) from Buy to Neutral.

JPMorgan downgrades Reynolds American (NYSE: RAI) from Neutral to Underweight.

Lehman Bros. and Stifel Nicolaus downgrade Urban Outfitters (Nasdaq: URBN) to Equalweight and Hold respectively.

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

NEW COVERAGE:
Merrill Lynch resumes coverage on MGM MIRAGE (NYSE: MGM) with a Neutral, Wynn Resorts (Nasdaq: WYNN) with a Buy and Las Vegas Sands (NYSE : LVS) with a Sell.

Morgan Stanley assumes coverage on Costco (Nasdaq: COST) with an Equalweight.

Capital One Southcoast initiates coverage on Plains Exploration & Production (NYSE: PXP) with a Strong Buy rating and a $92 price target.

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


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Stocks Mentioned

APC 58.28

+0.26 +0.45%
Volume: 8,229,895
Track APC

COST 68.44

+1.08 +1.60%
Volume: 5,903,447
Track COST

JCP 40.79

+1.22 +3.08%
Volume: 5,761,144
Track JCP

KR 26.87

-0.38 -1.39%
Volume: 9,783,060
Track KR

MGM 32.62

+0.18 +0.55%
Volume: 3,078,058
Track MGM

PXP 46.68

-0.49 -1.04%
Volume: 2,480,633
Track PXP

RAI 52.31

-0.33 -0.63%
Volume: 1,542,311
Track RAI

TJX 34.37

+0.30 +0.88%
Volume: 8,698,032
Track TJX

URBN 36.56

+0.62 +1.73%
Volume: 4,097,853
Track URBN

WYNN 89.17

-1.20 -1.33%
Volume: 2,125,878
Track WYNN


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