Notable Analyst Rating Changes 5/15: SINA, SNDK, CVX Upgraded; SLRY, BRCD, NSM Downgraded

May 15, 2008 9:48 AM EDT

StreetInsider.com Notable Analyst Rating Changes:

UPGRADES:
Citi and Kaufman upgrade SINA Corp. (SINA) to Buy.

Needham & Co. upgrades SanDisk Corp. (Nasdaq: SNDK) from Hold to Buy with a $38 price target.

UBS upgrades Chevron (NYSE: CVX) from Neutral to Buy.

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

DOWNGRADES:
Wachovia, Pacific Crest and Needham downgrade Salary.com (Nasdaq: SLRY) to Market Perform, Sector Perform and Hold, respectively.

Caris downgrades Brocade Communications (Nasdaq: BRCD) from Buy to Average.

Merrill Lynch downgrades National Semiconductor (NYSE: NSM) from Buy to Neutral.

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

NEW COVERAGE:
Caris & Co initiates coverage on Wyeth (NYSE: WYE) with an Above Average rating. Price target $48.

UBS initiates coverage on Transocean (NYSE: RIG) and Diamond Offshore (NYSE: DO) with a Buy. Price targets are $201 and $160, respectively.

Goldman Sachs initiates coverage on Parker-Hannifin (NYSE: PH) with a Neutral. Price target $92.

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


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Stocks Mentioned

BRCD 4.65

-0.51 -9.88%
Volume: 1,724,139
Track BRCD

CVX 73.89

-5.49 -6.92%
Volume: 6,043,911
Track CVX

DO 81.71

-12.02 -12.82%
Volume: 720,889
Track DO

NSM 14.27

-0.88 -5.81%
Volume: 1,414,124
Track NSM

PH 43.18

-4.16 -8.79%
Volume: 537,547
Track PH

RIG 80.79

-13.86 -14.64%
Volume: 4,850,970
Track RIG

SLRY 3.90

+0.00 +0.00%
Volume: 1,600
Track SLRY

SNDK 16.39

-1.99 -10.83%
Volume: 3,164,856
Track SNDK

WYE 37.27

-0.51 -1.35%
Volume: 2,484,279
Track WYE


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