Notable Analyst Rating Changes 4/24: AAPL, LVLT, TRLG Upgraded; PTV, TTWO, ATI Downgraded

April 24, 2008 9:52 AM EDT

StreetInsider.com Notable Analyst Rating Changes:

UPGRADES:
Morgan Keegan upgrades Apple (Nasdaq: AAPL) from Underperform to Market Perform.

Merriman upgrades Level 3 (Nasdaq: LVLT) from Sell to Neutral, citing current valuation after Q1 earnings report.

Morgan Keegan upgrades True Religion (Nasdaq: TRLG) from Market Perform to Outperform.

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

DOWNGRADES:
Merrill Lynch downgrades Pactiv (NYSE: PTV) from Buy to Neutral.

Citi downgrades Take-Two Interactive Software Inc (Nasdaq: TTWO) from Buy to Hold. Price target increased from $25 to $30.

Goldman Sachs downgrades Allegheny Technologies (NYSE: ATI) from Buy to Neutral.

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

NEW COVERAGE:
Morgan Keegan initiates coverage on Abercrombie & Fitch (NYSE: ANF) with a Market Perform, citing positive long-term effect from international potential, but seeing lack of near-term momentum.

Citi assumes coverage on XM Satellite Radio (Nasdaq: XMSR) with a Hold (from Buy). Price target lowered from $17 to $12.25. Citi rates Sirius (Nasdaq: SIRI) with a Buy. Price target $9.

Soleil Securities Group initiates coverage on The Mosaic Company (NYSE: MOS) with a Hold rating and $155 price target.

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

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• Goldman Sachs
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• Merrill Lynch
• Soleil Securities
• Merriman Curhan Ford

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