Notable Analyst Rating Changes 4/29: WB, CVX, MCHP Upgraded; CHL, POT, UAUA Downgraded

April 29, 2008 11:23 AM EDT

StreetInsider.com Notable Analyst Rating Changes:

UPGRADES:
Deustche Bank upgrades Wachovia (NYSE: WB) from Hold to Buy, saying the stock is cheap versus franchise value and normalized EPS.

Goldman Sachs upgrades Chevron Corp. (NYSE: CVX) from Neutral to Buy and raised their price target from $93 to $115, citing attractive risk/reward.

William Blair upgrades Microchip (Nasdaq: MCHP) from Market Perform to Outperform.

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

DOWNGRADES:
Goldman Sachs downgrades China Mobile Limited (NYSE: CHL) Buy to Neutral, citing valuation after 86% move since June 8th. The firm cites potential for downside news flow or sentiment risks.

RBC Capital downgrades Potash (NYSE: POT) from Top Pick to Outperform with a $300 price target.

Calyon Securities downgrades UAL Corp (Nasdaq: UAUA) from Add to Neutral.

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

NEW COVERAGE:
Citi initiates coverage on Pediatrix Medical Group Inc (NYSE: PDX) with a Buy. Price target $79

American Technology Research initiates coverage on Monolithic Power (Nasdaq: MPWR) with a Buy rating and $29 price target.

Stephens initiates coverage on American Eagle Outfitters Inc. (NYSE: AEO) with an Overweight rating at $28 price target.

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


Related Categories

Special Reports

Stocks Mentioned

AEO 18.30

-0.49 -2.61%
Volume: 2,982,389
Track AEO

CHL 86.23

+0.26 +0.30%
Volume: 1,351,906
Track CHL

CVX 100.38

+1.89 +1.92%
Volume: 16,309,555
Track CVX

MCHP 38.13

+0.25 +0.66%
Volume: 2,448,117
Track MCHP

MPWR 25.05

-0.12 -0.48%
Volume: 412,196
Track MPWR

PDX 55.75

+0.02 +0.04%
Volume: 1,939,460
Track PDX

POT 207.00

+2.85 +1.40%
Volume: 7,167,156
Track POT

UAUA 13.81

-0.57 -3.96%
Volume: 4,620,005
Track UAUA

WB 27.39

-0.21 -0.76%
Volume: 25,883,633
Track WB


Related Entities


Add Your Comment