Notable Analyst Rating Changes 5/23: DKS, NDAQ, DELL Upgraded; PSUN, CAKE, F Downgraded

May 23, 2008 9:34 AM EDT

StreetInsider.com Notable Analyst Rating Changes:

UPGRADES:
UBS upgrades Dicks Sporting Goods (NYSE: DKS) from Neutral to Buy.

Merrill Lynch upgrades NASDAQ (Nasdaq: NDAQ) from Neutral to Buy, saying headwinds from lower trade volume, rising competition and recent share loses on Nasdaq-listed equities are largely priced in.

Morgan Stanley upgrades Dell (Nasdaq: DELL) from Equal Weight to Overweight, saying the company will benefit from the shift to lower-priced servers.

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

DOWNGRADES:
Piper Jaffray downgrades Pacific Sunwear (NASDAQ: PSUN) from Buy to Neutral with an $11 price target.

Goldman Sachs downgrades Cheesecake Factory (Nasdaq: CAKE) from Buy to Neutral with a $24 price target.

Calyon Securities downgrades Ford Motor (NYSE: F) from Add to Neutral and lowers their price target from $9 to $7.

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

NEW COVERAGE:
BMO Capital initiates coverage on Xerox (NYSE: XRX) with a Market Perform. Price target $16.

Baird initiates coverage on Broadcom (Nasdaq: BRCM) with a Neutral. Price target $29.

Oppenheimer initiates coverage on MedAssets (Nasdaq: MDAS) with a Perform, citing current valuation. Price target $20.

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


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Stocks Mentioned

BRCM 15.99

+0.00 +0.00%
Volume: 22,138,879
Track BRCM

CAKE 12.17

+0.00 +0.00%
Volume: 2,543,312
Track CAKE

DELL 14.86

+0.00 +0.00%
Volume: 40,941,875
Track DELL

DKS 16.92

+0.00 +0.00%
Volume: 5,575,329
Track DKS

F 3.69

+0.00 +0.00%
Volume: 64,837,565
Track F

MDAS 16.14

+0.00 +0.00%
Volume: 359,220
Track MDAS

NDAQ 29.47

+0.00 +0.00%
Volume: 3,612,549
Track NDAQ

PSUN 5.58

+0.00 +0.00%
Volume: 2,599,874
Track PSUN

XRX 9.41

+0.00 +0.00%
Volume: 10,983,711
Track XRX


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