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 198.39

+2.16 +1.10%
Volume: 10,249,098
Track AAPL

APC 60.55

-0.41 -0.67%
Volume: 2,511,952
Track APC

AZN 45.78

-0.15 -0.33%
Volume: 528,827
Track AZN

DVN 66.70

-0.88 -1.30%
Volume: 2,056,709
Track DVN

FNM 0.92

+0.00 +0.00%
Volume: 7,139,522
Track FNM

FRE 1.09

+0.00 +0.00%
Volume: 6,834,019
Track FRE

LGF 5.67

+0.08 +1.43%
Volume: 240,592
Track LGF

LIFC 51.05

+0.00 +0.00%
Volume: 0
Track LIFC

PSUN 3.26

-0.02 -0.61%
Volume: 394,650
Track PSUN

UBS 16.02

+0.26 +1.65%
Volume: 1,689,807
Track UBS


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