Notable Analyst Rating Changes 8/4: CX, NEU, CHK, AKAM Upgraded; DE, AKS, ESRX, ELN Downgraded

August 4, 2008 10:10 AM EDT

StreetInsider.com Notable Analyst Rating Changes:

UPGRADES:
Morgan Stanley upgrades Cemex (NYSE: CX) from Underweight to Equal Weight, citing valuation.

Oppenheimer and Gabelli upgrade NewMarket (NYSE: NEU) to Outperform and Buy, respectively.

Capital One Southcoast upgrades Chesapeake Energy Corp. (NYSE: CHK) from Add to Strong Buy with a $92 price target, citing an attractive valuation and upcoming catalysts.

Jefferies upgrades Akamai (Nasdaq: AKAM) from Hold to Buy with a $29 price target.

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

DOWNGRADES:
Goldman Sachs downgrades Deere & Co. (NYSE: DE) from Buy to Neutral.

Longbow Reseach downgrades AK Steel (NYSE: AKS) from Buy to Neutral.

Broadpoint Capital downgrades Express Scripts (Nasdaq: ESRX) from Strong Buy to Buy.

Credit Suisse downgrades Elan (NYSE: ELN) from Outperform to Neutral.

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

NEW COVERAGE:
Banc of America initiates coveage on Amgen (Nasdaq: AMGN) with a Buy rating and $70 price target.

Morgan Joseph initiates coverage on Immunogenic (NASDAQ: IMGN) with a Buy rating and a $7 price target.

Merriman Curhan Ford initiates coverage on Cree (Nasdaq: CREE) with a Neutral rating.

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


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Stocks Mentioned

AKAM 11.62

+0.37 +3.29%
Volume: 3,285,591
Track AKAM

AKS 7.16

+0.36 +5.29%
Volume: 7,178,734
Track AKS

AMGN 54.64

-0.13 -0.24%
Volume: 10,799,169
Track AMGN

CHK 14.25

-0.75 -5.00%
Volume: 30,299,939
Track CHK

CREE 15.69

+0.71 +4.74%
Volume: 1,583,884
Track CREE

CX 6.56

+0.51 +8.43%
Volume: 5,963,076
Track CX

DE 31.84

+1.44 +4.74%
Volume: 5,574,759
Track DE

ELN 6.64

+0.31 +4.90%
Volume: 2,116,480
Track ELN

ESRX 52.82

+0.50 +0.96%
Volume: 2,391,436
Track ESRX

IMGN 3.59

+0.19 +5.59%
Volume: 176,960
Track IMGN

NEU 31.56

+2.53 +8.72%
Volume: 169,904
Track NEU


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