Notable Analyst Rating Changes 8/29: CBT, NZ, INCY Upgraded; WBD, ENER, WSM Downgraded

August 29, 2008 9:39 AM EDT

StreetInsider.com Notable Analyst Rating Changes:

UPGRADES:
J.P. Morgan upgrades Cabot (NYSE: CBT) from Neutral to Overweight.

Merriman Curhan upgrades Netezza (NYSE: NZ) from Hold to Buy.

ARGUS upgrades Incyte Corp. (Nasdaq: INCY) from Hold to Buy based on valuation and the solid trial results of INCB18424.

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

DOWNGRADES:
UBS downgrades Wimm-Bill Dann Foods (NYSE: WBD) to Neutral from Buy.

Piper Jaffray downgrades Energy Conversion Devices (Nasdaq: ENER) from Buy to Neutral but raises its price target from $58 to $73.

Thomas Weisel downgrades Williams-Sonoma (NYSE: WSM) from Overweight to Market Weight.

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

NEW COVERAGE:
Morgan Stanley initiates coverage on Elan (NYSE: ELN) with an Overweight rating, citing valuation and its view that Tysabri's withdrawal is a low probability event.

Merrill Lynch initiates coverage on Regency Energy Partners (Nasdaq: RGNC) with a Neutral. Price target $27.

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


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Stocks Mentioned

CBT 15.83

+0.44 +2.86%
Volume: 273,546
Track CBT

ELN 8.45

+0.86 +11.33%
Volume: 5,714,620
Track ELN

ENER 27.42

+0.68 +2.54%
Volume: 1,455,382
Track ENER

INCY 3.97

+0.12 +3.12%
Volume: 171,201
Track INCY

NZ 6.54

-0.10 -1.51%
Volume: 221,340
Track NZ

RGNC 11.00

+0.45 +4.27%
Volume: 78,092
Track RGNC

WBD 31.98

-1.96 -5.77%
Volume: 190,955
Track WBD

WSM 8.66

-0.15 -1.70%
Volume: 1,286,008
Track WSM


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