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 43.07

-0.06 -0.14%
Volume: 11,769,201
Track ABX

AEO 16.13

-0.12 -0.74%
Volume: 3,927,577
Track AEO

BBD 20.93

-0.20 -0.95%
Volume: 9,824,110
Track BBD

BBY 42.25

+0.01 +0.02%
Volume: 4,567,633
Track BBY

DISCA 30.34

-0.07 -0.23%
Volume: 1,143,108
Track DISCA

DRE 11.13

-0.07 -0.63%
Volume: 5,528,736
Track DRE

FNM 1.02

-0.01 -0.97%
Volume: 19,123,667
Track FNM

FRE 1.18

-0.02 -1.67%
Volume: 9,919,658
Track FRE

GFA 33.93

+0.09 +0.27%
Volume: 988,517
Track GFA

KGC 19.61

+0.27 +1.40%
Volume: 8,102,024
Track KGC

MT 37.37

+0.87 +2.38%
Volume: 5,705,704
Track MT

SOL 3.98

-0.11 -2.69%
Volume: 1,160,494
Track SOL


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