Notable Analyst Rating Changes 5/1: CL, BGX, OIIM Upgraded; NLY, GRMN, YUM Downgraded

May 1, 2008 9:36 AM EDT

StreetInsider.com Notable Analyst Rating Changes:

UPGRADES:
Piper Jaffray upgrades O2Micro International Ltd. (Nasdaq: OIIM) from Neutral to Buy and raises its price target to $9, citing improving visibility.

Piper Jaffray upgrades B&G Foods, Inc. (NYSE: BGS) from Neutral to Buy with a $10 price target, citing a compelling valuation.

BMO Capital upgrades Colgate-Palmolive (NYSE: CL) from Market Perform to Outperform with an $82 price target.

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

DOWNGRADES:
Citi downgrades Annaly Capital (NYSE: NLY) from Buy to Hold. Price target $17.

Merrill Lynch downgrades Garmin (Nasdaq: GRMN) from Buy to Neutral.

UBS downgrades YUM! Brands (NYSE: YUM) from Buy to Neutral. Price target $43.

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

NEW COVERAGE:
Lehman Bros. initiates coverage on Visa (NYSE: V) with an Equalweight, citing positive long-term outlook, but suggests waiting for better entry point.

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


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Stocks Mentioned

BGS 29.83

+21.38 +253.02%
Volume: 449,083
Track BGS

CL 26.23

-45.91 -63.64%
Volume: 451,534
Track CL

GRMN 23.72

-0.33 -1.37%
Volume: 1,944,851
Track GRMN

NLY 26.31

+11.05 +72.41%
Volume: 445,913
Track NLY

OIIM 5.16

-0.07 -1.34%
Volume: 93,302
Track OIIM

V 27.40

-33.40 -54.93%
Volume: 443,423
Track V

YUM 25.01

-10.01 -28.58%
Volume: 432,360
Track YUM


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