Notable Analyst Rating Changes 8/25: BBT, CSUN, LEG, BMS Upgraded; CVC, ALO, HW Downgraded

August 25, 2008 9:50 AM EDT

StreetInsider.com Notable Analyst Rating Changes:

UPGRADES:
Citi upgrades BB&T (NYSE: BBT) from Hold to Buy. Price target $34.

Jefferies & Co upgrades China Sunergy (Nasdaq: CSUN) from Hold to Buy. Price target $15.

Stifel Nicolaus upgrades Leggett & Platt (NYSE: LEG) from Hold to Buy.

Merrill Lynch upgrades Bemis (NYSE: BMS) from Underperform to Neutral.

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

DOWNGRADES:
Citi downgrades Cablevision Systems (NYSE: CVC) from Buy to Sell. Price target $29.

Roth Capital downgrades Alpharma, Inc. (NYSE: ALO) from Buy to Hold with a $36 price target.

Wedbush Morgan downgrades Headwaters Inc. (NYSE: HW) from Buy to Hold with a $15 price target.

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

NEW COVERAGE:
Merrill Lynch initiates coverage on HCP (NYSE: HCP) with a Neutral. Price target $35.

Leerink Swann initiates coverage on Biodel Inc. (Nasdaq: BIOD) with an Outperform rating.

RBC Capital initiates coverage on EXCO Resources Inc. (NYSE: XCO) with an Outperform rating and $43 price target.

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


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Stocks Mentioned

ALO 36.10

+0.00 +0.00%
Volume: 1,393,397
Track ALO

BBT 27.18

+2.15 +8.59%
Volume: 6,993,974
Track BBT

BIOD 2.62

+0.18 +7.38%
Volume: 163,174
Track BIOD

BMS 25.66

+1.20 +4.91%
Volume: 1,191,634
Track BMS

CSUN 3.16

+0.07 +2.27%
Volume: 1,009,779
Track CSUN

CVC 13.37

+0.92 +7.39%
Volume: 2,168,196
Track CVC

HCP 19.28

+1.91 +11.00%
Volume: 10,269,669
Track HCP

HW 6.06

+1.38 +29.49%
Volume: 1,221,247
Track HW

LEG 14.04

+0.36 +2.63%
Volume: 2,950,011
Track LEG

XCO 7.15

+0.82 +12.95%
Volume: 2,515,615
Track XCO


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