Notable Analyst Rating Changes 4/9: ZZ, GTI, CNQ Upgraded; CRM, COCO, NKTR, MNKD Downgraded

April 9, 2008 10:01 AM EDT

StreetInsider.com Notable Analyst Rating Changes:

UPGRADES:
Morgan Keegan upgrades Sealy Corp. (NYSE: ZZ) from Market Perform to Outperform.

Oppenheimer upgrades GrafTech International (NYSE: GTI) from Perform to Outperform, citing strong earnings and growth outlook. Price target $24.

Lehman Bros. upgrades Canadian Natural (NYSE: CNQ) from Equalweight to Overweight.

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

DOWNGRADES:
Bernstein downgrades Salesforce.com (NYSE: CRM) from Outperform to Market Perform.

Piper Jaffray downgrades Corinthian Colleges (Nasdaq: COCO) from Buy to Neutral and lowers its price target from $13 to $8.50.

Merrill Lynch downgrades Nektar (Nasdaq: NKTR) to Neutral and MannKind (Nasdaq: MNKD) to Sell, following Pfizer's (NYSE: PFE) cancer warning on inhaled insulin.

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

NEW COVERAGE:
HSBC initiates coverage on Vale (NYSE: RIO) with a Neutral. Price target $43.50.

Susquehanna initiates coverage on Deckers Outdoor (Nasdaq: DECK) with a Positive rating.

Wedbush Morgan initiates coverage on Intel (Nasdaq: INTC) with a Buy rating and $25 price target.

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


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Stocks Mentioned

CNQ 67.50

+0.00 +0.00%
Volume: 1,605,955
Track CNQ

COCO 15.41

-0.16 -1.03%
Volume: 1,007,081
Track COCO

CRM 62.88

-0.79 -1.24%
Volume: 1,145,732
Track CRM

DECK 96.68

+0.81 +0.84%
Volume: 324,604
Track DECK

GTI 14.85

+0.15 +1.02%
Volume: 646,064
Track GTI

INTC 19.76

+0.26 +1.33%
Volume: 39,864,175
Track INTC

MNKD 6.58

+0.00 +0.00%
Volume: 1,196,804
Track MNKD

NKTR 8.58

-0.13 -1.49%
Volume: 246,385
Track NKTR

PFE 17.60

+0.04 +0.23%
Volume: 23,007,361
Track PFE

RIO 18.32

+0.00 +0.00%
Volume: 85,700
Track RIO

ZZ 2.86

+0.02 +0.70%
Volume: 193,130
Track ZZ


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