Notable Analyst Rating Changes 4/29: WB, CVX, MCHP Upgraded; CHL, POT, UAUA Downgraded

April 29, 2008 11:23 AM EDT

StreetInsider.com Notable Analyst Rating Changes:

UPGRADES:
Deustche Bank upgrades Wachovia (NYSE: WB) from Hold to Buy, saying the stock is cheap versus franchise value and normalized EPS.

Goldman Sachs upgrades Chevron Corp. (NYSE: CVX) from Neutral to Buy and raised their price target from $93 to $115, citing attractive risk/reward.

William Blair upgrades Microchip (Nasdaq: MCHP) from Market Perform to Outperform.

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

DOWNGRADES:
Goldman Sachs downgrades China Mobile Limited (NYSE: CHL) Buy to Neutral, citing valuation after 86% move since June 8th. The firm cites potential for downside news flow or sentiment risks.

RBC Capital downgrades Potash (NYSE: POT) from Top Pick to Outperform with a $300 price target.

Calyon Securities downgrades UAL Corp (Nasdaq: UAUA) from Add to Neutral.

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

NEW COVERAGE:
Citi initiates coverage on Pediatrix Medical Group Inc (NYSE: PDX) with a Buy. Price target $79

American Technology Research initiates coverage on Monolithic Power (Nasdaq: MPWR) with a Buy rating and $29 price target.

Stephens initiates coverage on American Eagle Outfitters Inc. (NYSE: AEO) with an Overweight rating at $28 price target.

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


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Stocks Mentioned

AEO 27.53

+13.27 +93.06%
Volume: 443,710
Track AEO

CHL 25.15

-25.59 -50.43%
Volume: 439,780
Track CHL

CVX 26.37

-40.15 -60.36%
Volume: 447,419
Track CVX

MCHP 22.81

+0.05 +0.22%
Volume: 3,986,963
Track MCHP

MPWR 22.06

-0.52 -2.30%
Volume: 387,846
Track MPWR

PDX 31.70

+0.00 +0.00%
Volume: 571,098
Track PDX

POT 29.90

-61.00 -67.11%
Volume: 448,747
Track POT

UAUA 3.31

+0.02 +0.61%
Volume: 5,053,672
Track UAUA

WB 5.54

+0.00 +0.00%
Volume: 79,673,174
Track WB


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