StreetInsider.com Notable Analyst Rating Changes 11/01

November 1, 2007 10:20 AM EDT

Notable Analyst Rating Changes:

UPGRADES:
Thomas Weisel upgrades Macy's, Inc. (NYSE: M) from Market Weight to Overweight, saying strong free cash flow supports stock buybacks.

Stifel, Nicolaus upgrades Community Health Systems (NYSE: CYH) from Hold to Buy with a $39 price target. The firm said it can see a better outlook due to management being confident that it can meet its announced guidance.

Bear Stearns upgrades China Life Insurance Company Ltd. (NYSE: LFC) from Underperform to Peer Perform.

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

DOWNGRADES:
Bear Stearns downgrades MasterCard (NYSE: MA) from Outperform to Peer Perform. Shares of MasterCard surged nearly $33 points, or 21%, yesterday, following strong third quarter results.

Merrilll Lynch downgrades Garmin Ltd. (NASDAQ: GRMN) from Neutral to Sell.

CIBC downgrades Citigroup (NYSE: C) from Sector Perform to Sector Underperform. The firm expects the company to sell assets, raise capital or cut its dividend to shore up its capital ratios.

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

NEW COVERAGE:
Caris initiates coverage on athenahealth, Inc. (Nasdaq: ATHN) with an Average rating and $26 price target.

UBS resumes coverage on CVS (NYSE: CVS) with a Buy rating and $50 price target. Also, the firm resumes coverage on Rite Aid (NYSE: RAD) and Walgreen (NYSE: WAG) with Neutral ratings.

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


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Stocks Mentioned

ATHN 42.65

-0.60 -1.39%
Volume: 161,486
Track ATHN

C 4.17

-0.04 -0.95%
Volume: 200,979,853
Track C

CVS 31.53

-0.07 -0.22%
Volume: 12,349,193
Track CVS

CYH 31.73

-0.27 -0.84%
Volume: 371,002
Track CYH

GRMN 31.83

+0.21 +0.66%
Volume: 1,142,552
Track GRMN

LFC 78.85

+2.92 +3.85%
Volume: 758,430
Track LFC

M 17.56

+0.54 +3.17%
Volume: 7,326,847
Track M

MA 239.84

+2.19 +0.92%
Volume: 1,167,999
Track MA

RAD 1.30

-0.02 -1.52%
Volume: 2,582,468
Track RAD

WAG 39.23

-0.17 -0.43%
Volume: 3,306,721
Track WAG


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