These are the top analyst upgrades, downgrades and initiations of new coverage which we have see from Wall Street this Monday morning:

• ALCOA (AA) Cut to Underperform at FBR.
• Bed Bath & Beyond (BBBY) Started as Buy at Wedbush Morgan.
• Berkshire Hathaway Inc. (BRK.A) Started as Outperform at KBW.
• Discover Financial (DFS) Raised to Outperform at KBW.
• Lloyds Banking Group plc (LYG) Raised to Conviction By List at Goldman Sachs.
• Sanofi-Aventis (SNY) Cut to Neutral at JPMorgan.
• SolarWinds (SWI) Started as Overweight at JPMorgan; Started as Overweight at Thomas Weisel.
• TRW (TRW) Raised to Overweight at JPMorgan.
• Zebra Technologies (ZBRA) Raised to Outperform at Baird.

Jon C. Ogg
June 29, 2009