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 203.25

+0.27 +0.13%
Volume: 15,856,106
Track AAPL

APC 64.98

-0.46 -0.70%
Volume: 3,470,283
Track APC

AZN 45.69

-0.22 -0.48%
Volume: 1,161,172
Track AZN

DVN 68.90

-0.88 -1.26%
Volume: 3,104,982
Track DVN

FNM 1.02

-0.01 -0.97%
Volume: 19,206,687
Track FNM

FRE 1.18

-0.02 -1.67%
Volume: 9,940,738
Track FRE

LGF 5.26

-0.10 -1.87%
Volume: 1,199,699
Track LGF

LIFC 51.05

+0.00 +0.00%
Volume: 0
Track LIFC

PSUN 4.86

+0.10 +2.10%
Volume: 569,320
Track PSUN

UBS 17.26

+0.03 +0.17%
Volume: 1,463,089
Track UBS


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