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 8.08

-0.10 -1.22%
Volume: 234,550
Track BGS

CL 81.72

+0.25 +0.31%
Volume: 2,157,874
Track CL

GRMN 29.51

+0.68 +2.36%
Volume: 3,084,734
Track GRMN

NLY 17.89

+0.27 +1.53%
Volume: 6,569,785
Track NLY

OIIM 4.08

-0.03 -0.73%
Volume: 322,529
Track OIIM

V 80.82

-0.28 -0.35%
Volume: 3,665,696
Track V

YUM 35.74

+0.16 +0.45%
Volume: 2,374,542
Track YUM


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