Notable Analyst Rating Changes 3/24: MON, POT, CIT, NCC Upgraded; GPS, WFC, LEH Downgraded

March 24, 2008 9:52 AM EDT

StreetInsider.com Notable Analyst Rating Changes:

UPGRADES:
UBS upgrades Monsanto (NYSE: MON) from Neutral to Buy.

RBC Capital upgrades Potash (NYSE: POT) from Outperform to Top Picks.

Stifel Nicolaus upgrades CIT Group (NYSE: CIT) from Hold to Buy. Price target $20.

Friedman Billings upgrades National City (NYSE: NCC) from Underperform to Market Perform.

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

DOWNGRADES:
UBS downgrades Gap (NYSE: GPS) from Buy to Neutral.

Baird downgrades Wells Fargo (NYSE: WFC) from Neutral to Underperform, citing current valuation including higher credit costs and negative EPS outlook. Price target $27.

Oppenheimer downgrades Lehman Brothers (NYSE: LEH) from Outperform to Perform, citing protracted
challenging capital markets environment.

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

NEW COVERAGE:
Lehman Bros. initiates coverage on Dana (NYSE: DAN) with an Overweight, citing positive near-term catalysts. Price target $15.

Credit Suisse initiates coverage on Ultra Petroleum (NYSE: UPL) with an Outperform. Price target $82.

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


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Stocks Mentioned

CIT 0.25

+0.00 +0.00%
Volume: 304,829,894
Track CIT

DAN 7.27

+0.27 +3.86%
Volume: 3,675,272
Track DAN

GPS 22.70

+0.02 +0.09%
Volume: 8,494,356
Track GPS

LEH 0.13

+0.00 +0.00%
Volume: 0
Track LEH

MON 74.90

+1.24 +1.68%
Volume: 11,859,664
Track MON

NCC 1.81

+0.00 +0.00%
Volume: 106,343,355
Track NCC

POT 101.72

+2.11 +2.12%
Volume: 5,431,496
Track POT

UPL 47.94

-0.52 -1.07%
Volume: 1,561,325
Track UPL

WFC 28.80

+0.70 +2.49%
Volume: 40,086,205
Track WFC


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