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 28.65

-23.53 -45.09%
Volume: 441,364
Track CNQ

COCO 15.99

-0.75 -4.48%
Volume: 968,727
Track COCO

CRM 29.82

-9.09 -23.36%
Volume: 436,244
Track CRM

DECK 68.29

-3.30 -4.61%
Volume: 390,241
Track DECK

GTI 29.94

+18.37 +158.77%
Volume: 445,644
Track GTI

INTC 16.72

-0.32 -1.88%
Volume: 54,945,439
Track INTC

MNKD 8.41

-0.03 -0.36%
Volume: 354,844
Track MNKD

NKTR 6.11

-0.27 -4.23%
Volume: 1,292,079
Track NKTR

PFE 27.48

+12.58 +84.43%
Volume: 437,781
Track PFE

RIO 18.32

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

ZZ 1.80

-0.10 -5.26%
Volume: 758,074
Track ZZ


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