Notable Analyst Rating Changes 10/1: ALU, XOM, INFA, PLCE Upgraded; THC, PHG, MRT, XRTX Downgraded

October 1, 2008 12:07 PM EDT

UPGRADES:
Goldman Sachs upgrades Alcatel-Lucent (NYSE: ALU) from Neutral to Buy and adds the stock to their Conviction Buy List.

Barclays Capital upgrades Exxon Mobil (NYSE: XOM) from Equal-Weight to Overweight with a $95 price target, citing valuation.

Roth Capital upgrades Informatica (Nasdaq: INFA) from Hold to Buy. Price target $17.

Wedbush Morgan upgrades The Children's Place Retail Stores (Nasdaq: PLCE) from Hold to Buy. Price target $42.

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

DOWNGRADES:
UBS downgrades Tenet Healthcare (NYSE: THC) from Neutral to Sell.

Morgan Stanley downgrades Philips Electronics (NYSE: PHG) from Equalweight to Underweight.

Wachovia downgrades Morton's Restaurant Group (NYSE: MRT) from Outperform to Market Perform.

Needham & Co downgrades Xyratex (Nasdaq: XRTX) from Strong Buy to Buy. Price target $14.

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

NEW COVERAGE:
Thomas Weisel initiates coverage on Dolbys Labs (NYSE: DLB) with an Overweight. Price target $42.

Baird initiates coverage on Synchronoss Technologies (Nasdaq: SNCR) with a Neutral. Price target $11.

J.P. Morgan initiates coverage on Synthesis Energy (Nasdaq: SYMX) with a Neutral.

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


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Stocks Mentioned

ALU 1.86

+0.01 +0.54%
Volume: 31,707,101
Track ALU

DLB 25.85

+0.99 +3.98%
Volume: 904,682
Track DLB

INFA 12.84

+0.97 +8.17%
Volume: 1,799,127
Track INFA

MRT 2.18

+0.12 +5.83%
Volume: 116,914
Track MRT

PHG 16.01

+1.22 +8.25%
Volume: 1,959,730
Track PHG

PLCE 19.59

+2.92 +17.52%
Volume: 1,510,700
Track PLCE

SNCR 6.04

+0.17 +2.90%
Volume: 369,078
Track SNCR

SYMX 0.64

+0.12 +23.08%
Volume: 330,313
Track SYMX

THC 1.21

+0.12 +11.01%
Volume: 9,451,661
Track THC

XOM 75.81

+7.30 +10.66%
Volume: 84,558,758
Track XOM

XRTX 2.80

-0.15 -5.08%
Volume: 187,288
Track XRTX


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