Notable Analyst Rating Changes 5/8: WB, VIA, GIS Upgraded; AMR, CAL, DAL, UAUA, K, RIG Downgraded

May 8, 2008 10:10 AM EDT

StreetInsider.com Notable Analyst Rating Changes:

UPGRADES:
Credit Suisse upgrades Wachovia (NYSE: WB) from Underperform to Neutral. Price target increased to $30.

BMO Capital upgrades Viacom (NYSE: VIA) from Market Perform to Outperform.

Goldman Sachs upgrades General Mills (NYSE: GIS) from Neutral to Buy in assumed coverage.

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

DOWNGRADES:Merrill Lynch downgrades AMR Corp (NYSE: AMR), Continental Airlines (NYSE: CAL), Delta Air Lines (NYSE: DAL), UAL Corp (Nasdaq: UAUA) and US Airways Group (NYSE: LCC) from Buy to Neutral.

Goldman Sachs downgrades Kellogg (NYSE: K) from Buy to Neutral in assumed coverage.

Stifel Nicolaus downgrades Transocean (NYSE: RIG) from Buy to Hold.

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

NEW COVERAGE:
Morgan Keegan initiates coverage on Visa (NYSE: V) with a Market Perform, citing current valuation.

Wedbush Morgan initiates coverage on Foundry Networks (Nasdaq: FDRY) with a Buy rating and a $15 price target.

Morgan Stanley initiates coverage on Dr. Pepper Snapple Group (NYSE: DPS) with an Equalweight rating.

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


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Stocks Mentioned

AMR 4.83

+0.21 +4.55%
Volume: 12,403,162
Track AMR

CAL 9.08

+0.24 +2.71%
Volume: 6,265,984
Track CAL

DAL 4.95

+0.05 +1.02%
Volume: 6,980,112
Track DAL

DPS 20.94

-0.40 -1.87%
Volume: 1,530,385
Track DPS

FDRY 11.66

-0.07 -0.60%
Volume: 1,020,457
Track FDRY

GIS 60.75

+0.18 +0.30%
Volume: 1,475,515
Track GIS

K 48.80

+0.34 +0.70%
Volume: 1,806,161
Track K

LCC 2.40

+0.03 +1.27%
Volume: 4,208,514
Track LCC

RIG 142.91

-3.14 -2.15%
Volume: 5,586,848
Track RIG

UAUA 3.86

-0.15 -3.74%
Volume: 6,508,650
Track UAUA

V 78.07

-1.35 -1.70%
Volume: 7,189,465
Track V

VIA 29.70

-0.50 -1.66%
Volume: 24,531
Track VIA

WB 14.88

-0.50 -3.25%
Volume: 33,164,334
Track WB


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