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