Notable Analyst Rating Changes 5/15: SINA, SNDK, CVX Upgraded; SLRY, BRCD, NSM Downgraded

May 15, 2008 9:48 AM EDT

StreetInsider.com Notable Analyst Rating Changes:

UPGRADES:
Citi and Kaufman upgrade SINA Corp. (SINA) to Buy.

Needham & Co. upgrades SanDisk Corp. (Nasdaq: SNDK) from Hold to Buy with a $38 price target.

UBS upgrades Chevron (NYSE: CVX) from Neutral to Buy.

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

DOWNGRADES:
Wachovia, Pacific Crest and Needham downgrade Salary.com (Nasdaq: SLRY) to Market Perform, Sector Perform and Hold, respectively.

Caris downgrades Brocade Communications (Nasdaq: BRCD) from Buy to Average.

Merrill Lynch downgrades National Semiconductor (NYSE: NSM) from Buy to Neutral.

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

NEW COVERAGE:
Caris & Co initiates coverage on Wyeth (NYSE: WYE) with an Above Average rating. Price target $48.

UBS initiates coverage on Transocean (NYSE: RIG) and Diamond Offshore (NYSE: DO) with a Buy. Price targets are $201 and $160, respectively.

Goldman Sachs initiates coverage on Parker-Hannifin (NYSE: PH) with a Neutral. Price target $92.

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


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Stocks Mentioned

BRCD 3.68

-0.20 -5.15%
Volume: 6,282,334
Track BRCD

CVX 57.83

-6.17 -9.64%
Volume: 48,214,054
Track CVX

DO 66.73

-7.57 -10.19%
Volume: 5,469,999
Track DO

NSM 13.61

-0.28 -2.02%
Volume: 10,914,542
Track NSM

PH 40.18

+2.03 +5.32%
Volume: 4,033,555
Track PH

RIG 69.05

-8.62 -11.10%
Volume: 23,106,398
Track RIG

SLRY 3.50

-0.48 -12.06%
Volume: 8,381
Track SLRY

SNDK 15.92

-1.11 -6.52%
Volume: 11,810,749
Track SNDK

WYE 29.89

-2.07 -6.48%
Volume: 20,246,182
Track WYE


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