Notable Analyst Rating Changes 2/22: DISCA, MT, SOL, BBD Upgraded; FRE, FNM, BBY, ABX, KGC Downgraded

February 22, 2008 10:06 AM EST

StreetInsider.com Notable Analyst Rating Changes:

UPGRADES:
Credit Suisse upgrades Discovery Holding (Nasdaq: DISCA) from Underperform to Neutral.

Deutsche Bank upgrades Arcelor-Mittal (NYSE: MT) to Buy and raises its price target from $72 to $90.

Goldman Sachs upgrades ReneSola Ltd. (NYSE: SOL) from Neutral to Buy.

Bear Stearns upgrades Banco Bradesco S.A. (NYSE: BBD) from Peer Perform to Outperform.

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

DOWNGRADES:
Merrill Lynch downgrades Freddie Mac (NYSE: FRE) and Fannie Mae (NYSE: FNM) from Neutral to Sell, saying the stock don't reflect the severity of the headwinds the cos are facing.

Morgan Stanley downgrades Best Buy (NYSE: BBY) from Equal-Weight to Underweight.

UBS downgrades Barrick Gold (NYSE: ABX) and Kingross Gold (NYSE: KGC) to Neutral.

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

NEW COVERAGE:
Goldman Sachs initiates coverage on Gafisa S.A. (NYSE: GFA) with a Sell rating.

Robert W. Baird initiates coverage on Duke Realty Corporation (NYSE: DRE) with an Outperform rating.

Pali Research initiates coverage on American Eagle Outfitters Inc. (NYSE: AEO) with a Buy rating and $26 price target, saying a recent teen survey showed that "hands down" AEO won as the favorite brand and most dollars spent.

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


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Stocks Mentioned

ABX 28.75

-6.25 -17.86%
Volume: 442,865
Track ABX

AEO 27.53

+13.27 +93.06%
Volume: 443,710
Track AEO

BBD 27.54

+12.57 +83.97%
Volume: 436,144
Track BBD

BBY 27.44

-6.56 -19.29%
Volume: 433,614
Track BBY

DISCA 22.08

-0.91 -3.96%
Volume: 1,749,197
Track DISCA

DRE 29.82

+20.98 +237.33%
Volume: 440,187
Track DRE

FNM 28.63

+28.04 +4,752.54%
Volume: 434,810
Track FNM

FRE 28.70

+28.06 +4,384.38%
Volume: 442,916
Track FRE

GFA 26.22

+9.33 +55.24%
Volume: 439,092
Track GFA

KGC 18.94

-0.44 -2.27%
Volume: 7,374,205
Track KGC

MT 25.12

-8.04 -24.25%
Volume: 440,243
Track MT

SOL 29.88

+24.31 +436.45%
Volume: 451,942
Track SOL


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