Notable Analyst Rating Changes 6/27: EAT, NOVL, DHR, BMY Upgraded; WYNN, MGM, AEO, NOK Downgraded

June 27, 2008 9:43 AM EDT

StreetInsider.com Notable Analyst Rating Changes:

UPGRADES:
Goldman Sachs upgrades Brinker International Inc. (NYSE: EAT) from Sell to Neutral.

Jefferies & Co upgrades Novell (Nasdaq: NOVL) from Hold to Buy, citing positive outlook. Price target $7.50.

Janney Montgomery Scott upgrades Danaher (NYSE: DHR) from Neutral to Buy. Price target $90.

Bernstein upgrades Bristol-Myers (NYSE: BMY) from Market Perform to Outperform.

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

DOWNGRADES:
KeyBanc downgrades Wynn Resorts, Limited (Nasdaq: WYNN) from Hold to Underweight, with a downside price target of $70. The firm also downgraded MGM MIRAGE (NYSE: MGM) from Buy to Hold.

Lazard downgrades American Eagle Outfitters (NYSE: AEO) from Buy to Hold.

Credit Suisse downgrades Nokia (NYSE: NOK) from Outperform to Neutral and lowered their price target from EUR 30 to EUR 18.50.

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

NEW COVERAGE:
Credit Suisse initiates coverage on Research In Motion (Nasdaq: RIMM) with an Underperform. Price target $100.

Credit Suisse initiates coverage on QUALCOMM (Nasdaq: QCOM) with an Outperform. Price target $60.

Credit Suisse initiates coverage on Motorola (NYSE: MOT) with an Underperform rating.

Stifel Nicolaus initiates coverage on MercadoLibre (Nasdaq: MELI) with a Buy rating.

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


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Stocks Mentioned

AEO 15.05

+0.26 +1.76%
Volume: 4,424,352
Track AEO

BMY 21.34

-0.30 -1.39%
Volume: 8,695,862
Track BMY

DHR 81.57

-0.42 -0.51%
Volume: 1,372,750
Track DHR

EAT 18.92

-0.20 -1.05%
Volume: 1,137,831
Track EAT

MELI 30.87

-0.19 -0.61%
Volume: 299,258
Track MELI

MGM 35.19

+1.71 +5.11%
Volume: 4,918,354
Track MGM

MOT 9.42

-0.15 -1.57%
Volume: 17,077,475
Track MOT

NOK 25.17

-0.67 -2.59%
Volume: 12,310,032
Track NOK

NOVL 6.43

+0.42 +6.99%
Volume: 9,478,951
Track NOVL

QCOM 52.65

-1.32 -2.45%
Volume: 14,512,255
Track QCOM

RIMM 121.60

-5.05 -3.99%
Volume: 16,740,112
Track RIMM

WYNN 95.42

-0.58 -0.60%
Volume: 1,101,845
Track WYNN


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