Notable Analyst Rating Changes 4/8: UBS, FNM, FRE, PSUN Upgraded; AAPL, AZN, LIFC Downgraded

April 8, 2008 9:38 AM EDT

StreetInsider.com Notable Analyst Rating Changes:

UPGRADES:
Morgan Stanley upgrades UBS (NYSE: UBS) from Underweight to Equalweight.

Lehman Brothers upgrades Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) to Overweight.

Wachovia upgrades Pacific Sunwear of California (Nasdaq: PSUN) from Market Perform to Outperform with a valuation range of $16-$17.

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

DOWNGRADES:
Morgan Keegan downgrades Apple (Nasdaq: AAPL) from Market Perform to Underperform, citing weaker consumer spending in the U.S. and Europe.

Goldman Sachs downgrades AstraZeneca (NYSE: AZN) from Buy to Neutral, following the 19% upside move in the past few weeks.

Piper Jaffray downgrades LifeCell Corp. (Nasdaq: LIFC) from Buy to Neutral and lowers its price target from $53 to $51.

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

NEW COVERAGE:
Merrill Lynch resumes coverage on Anadarko Petroleum (NYSE: APC) with a Buy. Price target $74.

Merrill Lynch reinstates coverage on Devon Energy (NYSE: DVN) with a Buy.

Jefferies & Co initiates coverage on Lions Gate (NYSE: LGF) with a Hold, saying current movie library is fairly valued. Price range $10-$11.

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


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Stocks Mentioned

AAPL 140.02

-2.81 -1.97%
Volume: 13,236,264
Track AAPL

APC 27.53

-17.15 -38.38%
Volume: 440,005
Track APC

AZN 27.41

-17.22 -38.58%
Volume: 441,989
Track AZN

DVN 26.23

-28.85 -52.38%
Volume: 438,240
Track DVN

FNM 28.63

+28.04 +4,752.54%
Volume: 434,810
Track FNM

FRE 28.70

+28.06 +4,384.38%
Volume: 442,916
Track FRE

LGF 5.40

-0.21 -3.74%
Volume: 519,974
Track LGF

LIFC 51.05

+0.00 +0.00%
Volume: 0
Track LIFC

PSUN 3.16

-0.20 -5.95%
Volume: 571,003
Track PSUN

UBS 25.08

+12.72 +102.91%
Volume: 447,224
Track UBS


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