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Early analyt calls (JCP) (COST) (SNDK)

Goldman Sachs cut the ratings on J.C. Penney (NYSE:JCP) and Nordstrom (NYSE:JWM) from "buy" to "neutral" due to the rising price of oil, according to MarketWatch.

Morgan Stanley began CostCo (NASDAQ:COST) at "equal weight" according to Briefing.com. The news service also reports that JPM downgraded Sandisk (NASDAQ:SNDK) from "market perform" from "underperform".

Douglas A. McIntyre is an editor at 247wallst.com.

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DJIA+152.2511,384.21
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Last updated: July 09, 2008: 08:36 AM

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