Notable Analyst Rating Changes 8/4: CX, NEU, CHK, AKAM Upgraded; DE, AKS, ESRX, ELN Downgraded

August 4, 2008 10:10 AM EDT

StreetInsider.com Notable Analyst Rating Changes:

UPGRADES:
Morgan Stanley upgrades Cemex (NYSE: CX) from Underweight to Equal Weight, citing valuation.

Oppenheimer and Gabelli upgrade NewMarket (NYSE: NEU) to Outperform and Buy, respectively.

Capital One Southcoast upgrades Chesapeake Energy Corp. (NYSE: CHK) from Add to Strong Buy with a $92 price target, citing an attractive valuation and upcoming catalysts.

Jefferies upgrades Akamai (Nasdaq: AKAM) from Hold to Buy with a $29 price target.

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

DOWNGRADES:
Goldman Sachs downgrades Deere & Co. (NYSE: DE) from Buy to Neutral.

Longbow Reseach downgrades AK Steel (NYSE: AKS) from Buy to Neutral.

Broadpoint Capital downgrades Express Scripts (Nasdaq: ESRX) from Strong Buy to Buy.

Credit Suisse downgrades Elan (NYSE: ELN) from Outperform to Neutral.

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

NEW COVERAGE:
Banc of America initiates coveage on Amgen (Nasdaq: AMGN) with a Buy rating and $70 price target.

Morgan Joseph initiates coverage on Immunogenic (NASDAQ: IMGN) with a Buy rating and a $7 price target.

Merriman Curhan Ford initiates coverage on Cree (Nasdaq: CREE) with a Neutral rating.

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


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Stocks Mentioned

AKAM 11.49

-0.43 -3.61%
Volume: 4,561,055
Track AKAM

AKS 6.76

-0.40 -5.59%
Volume: 5,862,248
Track AKS

AMGN 56.34

-1.13 -1.97%
Volume: 8,211,367
Track AMGN

CHK 11.84

-2.26 -16.03%
Volume: 43,066,247
Track CHK

CREE 13.89

-1.72 -11.02%
Volume: 1,270,192
Track CREE

CX 6.87

+0.15 +2.23%
Volume: 7,458,119
Track CX

DE 30.98

-2.77 -8.21%
Volume: 5,473,434
Track DE

ELN 6.98

+0.35 +5.28%
Volume: 3,916,799
Track ELN

ESRX 56.38

+0.83 +1.49%
Volume: 2,779,567
Track ESRX

IMGN 3.55

-0.06 -1.66%
Volume: 167,841
Track IMGN

NEU 31.40

-1.00 -3.09%
Volume: 238,733
Track NEU


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