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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Stocks Mentioned

AAPL 196.97

-2.94 -1.47%
Volume: 16,626,910
Track AAPL

ANF 40.06

+0.13 +0.33%
Volume: 4,640,949
Track ANF

ATI 34.82

+0.79 +2.32%
Volume: 2,348,573
Track ATI

LVLT 1.24

-0.01 -0.80%
Volume: 15,113,107
Track LVLT

MOS 57.17

+2.72 +5.00%
Volume: 6,925,452
Track MOS

PTV 24.35

+0.00 +0.00%
Volume: 1,356,396
Track PTV

SIRI 0.64

+0.01 +1.59%
Volume: 20,516,270
Track SIRI

TRLG 18.88

+0.44 +2.39%
Volume: 803,966
Track TRLG

TTWO 11.40

+0.15 +1.33%
Volume: 971,169
Track TTWO

XMSR 8.17

+0.00 +0.00%
Volume: 0
Track XMSR


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