Notable Analyst Rating Changes 5/15: SINA, SNDK, CVX Upgraded; SLRY, BRCD, NSM Downgraded
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StreetInsider.com Notable Analyst Rating Changes:
UPGRADES:
Citi and Kaufman upgrade SINA Corp. (SINA) to Buy.
Needham & Co. upgrades SanDisk Corp. (Nasdaq: SNDK) from Hold to Buy with a $38 price target.
UBS upgrades Chevron (NYSE: CVX) from Neutral to Buy.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES:
Wachovia, Pacific Crest and Needham downgrade Salary.com (Nasdaq: SLRY) to Market Perform, Sector Perform and Hold, respectively.
Caris downgrades Brocade Communications (Nasdaq: BRCD) from Buy to Average.
Merrill Lynch downgrades National Semiconductor (NYSE: NSM) from Buy to Neutral.
For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades
NEW COVERAGE:
Caris & Co initiates coverage on Wyeth (NYSE: WYE) with an Above Average rating. Price target $48.
UBS initiates coverage on Transocean (NYSE: RIG) and Diamond Offshore (NYSE: DO) with a Buy. Price targets are $201 and $160, respectively.
Goldman Sachs initiates coverage on Parker-Hannifin (NYSE: PH) with a Neutral. Price target $92.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
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