Notable Analyst Rating Changes 2/22: DISCA, MT, SOL, BBD Upgraded; FRE, FNM, BBY, ABX, KGC Downgraded

February 22, 2008 10:06 AM EST

StreetInsider.com Notable Analyst Rating Changes:

UPGRADES:
Credit Suisse upgrades Discovery Holding (Nasdaq: DISCA) from Underperform to Neutral.

Deutsche Bank upgrades Arcelor-Mittal (NYSE: MT) to Buy and raises its price target from $72 to $90.

Goldman Sachs upgrades ReneSola Ltd. (NYSE: SOL) from Neutral to Buy.

Bear Stearns upgrades Banco Bradesco S.A. (NYSE: BBD) from Peer Perform to Outperform.

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

DOWNGRADES:
Merrill Lynch downgrades Freddie Mac (NYSE: FRE) and Fannie Mae (NYSE: FNM) from Neutral to Sell, saying the stock don't reflect the severity of the headwinds the cos are facing.

Morgan Stanley downgrades Best Buy (NYSE: BBY) from Equal-Weight to Underweight.

UBS downgrades Barrick Gold (NYSE: ABX) and Kingross Gold (NYSE: KGC) to Neutral.

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

NEW COVERAGE:
Goldman Sachs initiates coverage on Gafisa S.A. (NYSE: GFA) with a Sell rating.

Robert W. Baird initiates coverage on Duke Realty Corporation (NYSE: DRE) with an Outperform rating.

Pali Research initiates coverage on American Eagle Outfitters Inc. (NYSE: AEO) with a Buy rating and $26 price target, saying a recent teen survey showed that "hands down" AEO won as the favorite brand and most dollars spent.

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


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Stocks Mentioned

ABX 43.92

+0.00 +0.00%
Volume: 0
Track ABX

AEO 14.94

+0.00 +0.00%
Volume: 0
Track AEO

BBD 21.47

+0.00 +0.00%
Volume: 0
Track BBD

BBY 39.71

+0.00 +0.00%
Volume: 0
Track BBY

DISCA 21.71

+0.00 +0.00%
Volume: 1,385,656
Track DISCA

DRE 25.91

+0.00 +0.00%
Volume: 0
Track DRE

FNM 15.00

+0.00 +0.00%
Volume: 0
Track FNM

FRE 10.80

+0.00 +0.00%
Volume: 0
Track FRE

GFA 33.74

+0.00 +0.00%
Volume: 0
Track GFA

KGC 20.73

+0.00 +0.00%
Volume: 0
Track KGC

MT 78.53

+0.00 +0.00%
Volume: 0
Track MT

SOL 15.86

+0.00 +0.00%
Volume: 0
Track SOL


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