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 42.68

-4.16 -8.88%
Volume: 39,842,398
Track ABX

EQ 42.06

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

GFIG 4.91

+0.17 +3.59%
Volume: 825,711
Track GFIG

GU 1.30

+0.02 +1.56%
Volume: 375,379
Track GU

IRM 24.00

+0.23 +0.97%
Volume: 1,235,730
Track IRM

MLNM 24.97

+0.00 +0.00%
Volume: 0
Track MLNM

RYAAY 26.34

+0.48 +1.86%
Volume: 950,982
Track RYAAY

SGP 28.15

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

VOD 23.43

+0.17 +0.73%
Volume: 4,819,166
Track VOD


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