Notable Analyst Rating Changes 5/13: SIRI, BOOM, MEDX Upgraded; NXTM, MNT, BE Downgraded

May 13, 2008 9:39 AM EDT

StreetInsider.com Notable Analyst Rating Changes:

UPGRADES:
Merrill Lynch upgrades Sirius Satellite (Nasdaq: SIRI) from Sell to Neutral.

KeyBanc upgrades Dynamic Materials (NASDAQ: BOOM) from Hold to Buy with a $50 price target.

Needham & Co upgrades Medarex (Nasdaq: MEDX) from Hold to Buy. Price target $11.

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

DOWNGRADES:
William Blair downgrades NxStage Medical (Nasdaq: NXTM) from Outperform to Market Perform.

Lazard downgrades Mentor (Nasdaq: MNT) from Buy to Hold.

Citi downgrades BearingPoint Inc (NYSE: BE) from Buy to Hold. Price target lowered from $3.20 to $2.25.

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

NEW COVERAGE:
Morgan Stanley initiates coverage on Chiquita Brands (NYSE: CQB) with an Equalweight rating.

Wachovia initiates coverage on Dr. Pepper Snapple Group (NYSE: DPS) with a Market Perform rating.

Jefferies & Co initiates coverage on McGraw-Hill (NYSE: MHP) with a Buy. Price target $49.

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


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Stocks Mentioned

BE 0.81

-0.01 -1.22%
Volume: 738,381
Track BE

BOOM 28.79

-0.37 -1.27%
Volume: 269,994
Track BOOM

CQB 14.91

-0.04 -0.27%
Volume: 657,269
Track CQB

DPS 20.20

-0.20 -0.98%
Volume: 1,702,062
Track DPS

MEDX 8.46

-0.13 -1.51%
Volume: 1,277,796
Track MEDX

MHP 38.55

+0.50 +1.31%
Volume: 2,380,092
Track MHP

MNT 25.90

-0.48 -1.82%
Volume: 686,613
Track MNT

NXTM 4.40

-0.01 -0.23%
Volume: 62,307
Track NXTM

SIRI 2.28

+0.18 +8.57%
Volume: 38,535,037
Track SIRI


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