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 46.07

+3.38 +7.92%
Volume: 24,234,915
Track ABX

AEO 15.27

-0.11 -0.72%
Volume: 5,238,163
Track AEO

BBD 21.89

+0.70 +3.30%
Volume: 10,830,729
Track BBD

BBY 43.53

+0.70 +1.63%
Volume: 4,920,362
Track BBY

DISCA 32.39

+0.44 +1.38%
Volume: 2,206,200
Track DISCA

DRE 11.42

+0.21 +1.87%
Volume: 3,497,121
Track DRE

FNM 0.93

+0.05 +5.68%
Volume: 17,792,011
Track FNM

FRE 1.09

+0.06 +5.83%
Volume: 13,985,712
Track FRE

GFA 33.79

+0.09 +0.27%
Volume: 1,829,101
Track GFA

KGC 21.10

+1.08 +5.39%
Volume: 15,723,483
Track KGC

MT 39.96

+0.69 +1.76%
Volume: 4,580,617
Track MT

SOL 4.12

+0.11 +2.74%
Volume: 1,119,184
Track SOL


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