Notable Analyst Rating Changes 6/20: AMR, PTR, BZH Upgraded; DENN, SYMC, SNDK Downgraded

June 20, 2008 10:08 AM EDT

StreetInsider.com Notable Analyst Rating Changes:

UPGRADES:
Soleil Securities upgrades AMR Corp. (NYSE: AMR) from Sell to Buy "on improving fundamentals with revenue and cash flow generation significantly more favorable than we had expected and with better apparent liquidity enhancing firepower." The firm also increases their price target from $9 to $12.

Goldman Sachs upgrades PetroChina Co. Ltd. (NYSE: PTR(H Shares) from Sell to Neutral.

UBS upgrades Beazer Homes (NYSE: BZH) from Sell to Neutral.

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

DOWNGRADES:
Merriman Curhan downgrades Denny's (Nasdaq: DENN) from Buy to Neutral, citing weakening consumer spending.

Friedman Billings downgrades Symantec (Nasdaq: SYMC) from Outperform to Market Perform, citing current valuation after recent run-up in share price. Price target $23.

Citigroup downgrades Sandisk (Nasdaq: SNDK) from Buy to Hold and cuts their price target to $27.

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

NEW COVERAGE:
Merrill Lynch initiates Intrepid Potash (NYSE: IPI) with a Buy rating.

UBS initiates coverage on IntercontinentalExchange (NYSE: ICE) with a Buy rating and $150 price target.

Morgan Stanley initiates coverage on Masco Corp (NYSE: MAS) with an Underweight rating.

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

Related Categories

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Related Entities

• UBS
• Goldman Sachs
• Citi
• Morgan Stanley
• Merrill Lynch
• Soleil Securities
• Friedman, Billings, Ramsey
• Merriman Curhan Ford

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