Notable Analyst Rating Changes 3/31: EQ, IRM, ABX Upgraded; SGP, VOD, GU Downgraded

March 31, 2008 10:26 AM EDT

StreetInsider.com Notable Analyst Rating Changes:

UPGRADES:
Goldman Sachs upgrades Embarq (NYSE: EQ) from Sell to Neutral.

Merrill Lynch upgrades Iron Mountain (NYSE: IRM) from Neutral to Buy.

TD Newcrest upgrades Barrick Gold Corp. (NYSE: ABX) from Hold to Buy with a $57 price target, citing valuation. The firm is citing the recent 10% pullback in gold and 28% return potential to their price target.

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

DOWNGRADES:
Lehman Brothers and Goldman Sachs downgrade Schering-Plough (NYSE: SGP) to Equalweight and Neutral, respectively. Lehman lowered its price target from $35 to $20.

Morgan Stanley downgrades Vodafone (NYSE: VOD) from Overweight to Underweight.

Piper Jaffray downgrades Gushan Environmental Energy (NYSE: GU) from Buy to Neutral but raises its price target from $13.50 to $14, citing valuation.

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

NEW COVERAGE:
UBS initiates coverage on Millennium Pharmaceuticals (Nasdaq: MLNM) with a Neutral.

Keefe Bruyette & Woods initiates coverage on GFI Group (Nasdaq: GFIG) with a Market Perform rating and an $18.50 price target.

Credit Suisse initiates coverage on Ryanair Holdings plc (Nasdaq: RYAAY) with a Neutral rating.

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


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Stocks Mentioned

ABX 43.13

+0.00 +0.00%
Volume: 12,286,608
Track ABX

EQ 42.06

+0.00 +0.00%
Volume: 3,905,280
Track EQ

GFIG 4.90

+0.00 +0.00%
Volume: 1,689,473
Track GFIG

GU 1.49

+0.00 +0.00%
Volume: 518,346
Track GU

IRM 25.45

+0.00 +0.00%
Volume: 1,083,509
Track IRM

MLNM 24.97

+0.00 +0.00%
Volume: 0
Track MLNM

RYAAY 26.96

+0.00 +0.00%
Volume: 726,075
Track RYAAY

SGP 28.15

+0.00 +0.00%
Volume: 90,956,831
Track SGP

VOD 22.86

+0.00 +0.00%
Volume: 1,000
Track VOD


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