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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Related Entities

• Piper Jaffray
• UBS
• Citi
• Merrill Lynch
• Lehman Brothers
• BMO Capital
• Scopia Capital

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