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 18.87

-1.82 -8.80%
Volume: 266,471
Track CBT

ELN 6.28

+0.01 +0.16%
Volume: 942,153
Track ELN

ENER 24.19

-3.79 -13.55%
Volume: 835,785
Track ENER

INCY 2.92

-0.42 -12.57%
Volume: 727,317
Track INCY

NZ 6.07

-1.15 -15.93%
Volume: 254,055
Track NZ

RGNC 8.26

-0.83 -9.13%
Volume: 126,370
Track RGNC

WBD 21.14

-2.69 -11.29%
Volume: 119,175
Track WBD

WSM 6.06

-0.95 -13.55%
Volume: 884,664
Track WSM


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