Notable Analyst Rating Changes 6/27: EAT, NOVL, DHR, BMY Upgraded; WYNN, MGM, AEO, NOK Downgraded

June 27, 2008 9:43 AM EDT

StreetInsider.com Notable Analyst Rating Changes:

UPGRADES:
Goldman Sachs upgrades Brinker International Inc. (NYSE: EAT) from Sell to Neutral.

Jefferies & Co upgrades Novell (Nasdaq: NOVL) from Hold to Buy, citing positive outlook. Price target $7.50.

Janney Montgomery Scott upgrades Danaher (NYSE: DHR) from Neutral to Buy. Price target $90.

Bernstein upgrades Bristol-Myers (NYSE: BMY) from Market Perform to Outperform.

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

DOWNGRADES:
KeyBanc downgrades Wynn Resorts, Limited (Nasdaq: WYNN) from Hold to Underweight, with a downside price target of $70. The firm also downgraded MGM MIRAGE (NYSE: MGM) from Buy to Hold.

Lazard downgrades American Eagle Outfitters (NYSE: AEO) from Buy to Hold.

Credit Suisse downgrades Nokia (NYSE: NOK) from Outperform to Neutral and lowered their price target from EUR 30 to EUR 18.50.

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

NEW COVERAGE:
Credit Suisse initiates coverage on Research In Motion (Nasdaq: RIMM) with an Underperform. Price target $100.

Credit Suisse initiates coverage on QUALCOMM (Nasdaq: QCOM) with an Outperform. Price target $60.

Credit Suisse initiates coverage on Motorola (NYSE: MOT) with an Underperform rating.

Stifel Nicolaus initiates coverage on MercadoLibre (Nasdaq: MELI) with a Buy rating.

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


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Stocks Mentioned

AEO 13.33

-0.30 -2.20%
Volume: 10,294,336
Track AEO

BMY 19.32

-1.11 -5.43%
Volume: 24,296,042
Track BMY

DHR 61.50

-1.13 -1.80%
Volume: 4,538,670
Track DHR

EAT 15.18

-0.98 -6.06%
Volume: 2,293,640
Track EAT

MELI 19.12

+1.75 +10.07%
Volume: 2,063,833
Track MELI

MGM 19.00

-2.00 -9.52%
Volume: 10,023,806
Track MGM

MOT 6.14

-0.58 -8.63%
Volume: 42,038,526
Track MOT

NOK 16.70

-1.05 -5.92%
Volume: 33,778,772
Track NOK

NOVL 4.84

-0.16 -3.20%
Volume: 4,964,075
Track NOVL

QCOM 40.23

-0.64 -1.57%
Volume: 34,690,162
Track QCOM

RIMM 59.66

-1.30 -2.13%
Volume: 46,716,949
Track RIMM

WYNN 67.77

-2.65 -3.76%
Volume: 3,816,926
Track WYNN


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