Notable Analyst Rating Changes 5/29: NSC, ALU, EXPE Upgraded; ESLR, SPWR, NFLX, CHS Downgraded

May 29, 2008 9:49 AM EDT

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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Stocks Mentioned

ALU 5.38

+0.01 +0.19%
Volume: 10,192,477
Track ALU

BBG 34.52

-0.49 -1.40%
Volume: 1,594,852
Track BBG

CHS 6.32

+0.04 +0.64%
Volume: 6,518,664
Track CHS

CMA 30.15

+2.89 +10.60%
Volume: 5,847,478
Track CMA

ESLR 7.87

-0.28 -3.44%
Volume: 9,193,975
Track ESLR

EXPE 17.64

-0.18 -1.01%
Volume: 3,476,743
Track EXPE

NCC 4.82

+0.03 +0.63%
Volume: 15,512,959
Track NCC

NFLX 29.66

-0.21 -0.70%
Volume: 1,560,453
Track NFLX

NSC 66.39

-0.22 -0.33%
Volume: 6,417,935
Track NSC

SPWR 85.74

+0.53 +0.62%
Volume: 2,710,546
Track SPWR


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