Notable Analyst Rating Changes 5/29: NSC, ALU, EXPE Upgraded; ESLR, SPWR, NFLX, CHS Downgraded
StreetInsider.com Notable Analyst Rating Changes:
UPGRADES:
Merrill Lynch upgrades Norfolk Southern (NYSE: NSC) from Neutral to Buy.
Goldman Sachs upgrades Alcatel-Lucent (NYSE: ALU) from Sell to Neutral.
Stifel Nicolaus upgrades Expedia (Nasdaq: EXPE) from Hold to Buy. Price target $30.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES:
Merrill Lynch downgraded Evergreen Solar Inc. (Nasdaq: ESLR) and SunPower Corporation (Nasdaq: SPWR) from Neutral to Sell, citing oversupply concerns and possible subsidy cuts in Germany.
Thomas Weisel downgrades Netflix (Nasdaq: NFLX) from Overweight to Market Weight.
Citi downgrades Chico's FAS Inc (NYSE: CHS) from Hold to Sell.
For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades
NEW COVERAGE:
Sterne Agee & Leach initiates coverage on Comerica (NYSE: CMA) with a Buy rating and $44 price target.
Sterne Agee initiates coverage on National City (NYSE: NCC) with a Buy rating.
Stifel Nicolaus initiates coverage on Bill Barrett (NYSE: BBG) with a Buy rating.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
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