Notable Analyst Rating Changes 4/25: NOC, WMT, BIDU, KR Upgraded; F, RTN, MMM Downgraded

April 25, 2008 9:20 AM EDT

StreetInsider.com Notable Analyst Rating Changes:

UPGRADES:
J.P. Morgan and Cowen upgrade Northrop Grumman (NYSE: NOC) to Overweight and Outperform, respectively.

Merrill Lynch upgrades Wal-Mart (NYSE: WMT) from Neutral to Buy.

Citi upgrades Baidu.com (Nasdaq: BIDU) from Hold to Buy. Price target increased from $350 to $415.

Goldman Sachs upgrades Kroger (NYSE: KR) from Neutral to Buy.

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

DOWNGRADES:
J.P. Morgan, Merrill Lynch and Bear Stearns downgrade Ford (NYSE: F) to Neutral, Sell and Underperform, respectively.

J.P. Morgan downgrades Raytheon (NYSE: RTN) from Overweight to Neutral.

Sterne Agee downgrades 3M Corp (NYSE: MMM) from Buy to Hold.

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

NEW COVERAGE:
Lehman Bros. initiates coverage on Home Depot (NYSE: HD) with an Overweight rating.

Lehman Brothers initiates coverage on Circuit City Stores Inc. (NYSE: CC) with an Underweight rating.

Lehman Bros. initiates coverage on Home Depot (NYSE: HD) with an Overweight rating.

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


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Stocks Mentioned

BIDU 430.51

+2.39 +0.56%
Volume: 2,152,628
Track BIDU

CC 0.11

+0.00 +0.00%
Volume: 5,602,150
Track CC

F 8.33

+0.09 +1.09%
Volume: 89,277,540
Track F

HD 27.31

+0.49 +1.83%
Volume: 18,715,986
Track HD

KR 23.62

-0.07 -0.30%
Volume: 3,923,810
Track KR

MMM 77.96

-0.03 -0.04%
Volume: 2,876,290
Track MMM

NOC 54.82

+0.86 +1.59%
Volume: 2,411,217
Track NOC

RTN 48.85

+0.49 +1.01%
Volume: 2,883,946
Track RTN

WMT 52.97

+0.66 +1.26%
Volume: 23,269,659
Track WMT


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