Notable Analyst Rating Changes 5/13: SIRI, BOOM, MEDX Upgraded; NXTM, MNT, BE Downgraded

May 13, 2008 9:39 AM EDT

StreetInsider.com Notable Analyst Rating Changes:

UPGRADES:
Merrill Lynch upgrades Sirius Satellite (Nasdaq: SIRI) from Sell to Neutral.

KeyBanc upgrades Dynamic Materials (NASDAQ: BOOM) from Hold to Buy with a $50 price target.

Needham & Co upgrades Medarex (Nasdaq: MEDX) from Hold to Buy. Price target $11.

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

DOWNGRADES:
William Blair downgrades NxStage Medical (Nasdaq: NXTM) from Outperform to Market Perform.

Lazard downgrades Mentor (Nasdaq: MNT) from Buy to Hold.

Citi downgrades BearingPoint Inc (NYSE: BE) from Buy to Hold. Price target lowered from $3.20 to $2.25.

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

NEW COVERAGE:
Morgan Stanley initiates coverage on Chiquita Brands (NYSE: CQB) with an Equalweight rating.

Wachovia initiates coverage on Dr. Pepper Snapple Group (NYSE: DPS) with a Market Perform rating.

Jefferies & Co initiates coverage on McGraw-Hill (NYSE: MHP) with a Buy. Price target $49.

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


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Stocks Mentioned

BE 1.09

+0.00 +0.00%
Volume: 480,744
Track BE

BOOM 30.88

+0.31 +1.01%
Volume: 90,367
Track BOOM

CQB 14.83

-0.30 -1.98%
Volume: 89,183
Track CQB

DPS 24.62

-0.19 -0.77%
Volume: 924,096
Track DPS

MEDX 7.45

-0.21 -2.74%
Volume: 598,339
Track MEDX

MHP 43.11

-1.11 -2.51%
Volume: 692,770
Track MHP

MNT 24.78

-0.02 -0.08%
Volume: 193,845
Track MNT

NXTM 3.84

+0.03 +0.79%
Volume: 58,092
Track NXTM

SIRI 1.33

-0.03 -2.21%
Volume: 30,023,723
Track SIRI


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