Notable Analyst Rating Changes 5/21: MDT, CSUN, MU Upgraded; SMOD, UAUA, CAL, NUE Downgraded

May 21, 2008 9:38 AM EDT

StreetInsider.com Notable Analyst Rating Changes:

UPGRADES:
Goldman Sachs upgrades Medtronic Inc. (NYSE: MDT) from Neutral to Buy.

Jefferies & Co upgrades China Sunergy (Nasdaq: CSUN) from Underperform to Hold. Price target increased to $12.

Deutsche Bank upgrades Micron Technology (NYSE: MU) from Hold to Buy and raises their price target to $11, saying DRAM recovery is sustainable.

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

DOWNGRADES:
Oppenheimer and Lehman downgrades SMART Modular (Nasdaq: SMOD) to Perform and Equalweight, respectively.

Soleil Securities downgrades the Airlines sector from Outperform to Neutral, citing the relentless surge in fuel prices and the liquidity concerns it raises. Delta (NYSE: DAL) and Southwest (NYSE: LUV) remain rated at Buy, but the firm downgrades AMR (NYSE: AMR) and Continental (NYSE: CAL) from Buy to Hold and United (Nasdaq: UAUA) from Buy to Sell.

UBS downgrades Nucor (NYSE: NUE) from Buy to Neutral.

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

NEW COVERAGE:
RBC Capital initiates coverage on Edison Int'l (NYSE: EIX) with an Outperform. Price target $64.

Piper Jaffray assumes coverage on Animal Health International (NASDAQ: AHII) with a Buy rating and a $10 price target. Piper Jaffray believes the company is well positioned to gain share in the growing market for veterinary supplies.

Piper Jaffray initiates coverage on Burger King Holdings (NYSE: BKC) with a Buy rating and $34 price target.

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


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Stocks Mentioned

AHII 5.16

-0.18 -3.37%
Volume: 39,092
Track AHII

AMR 7.13

+0.22 +3.18%
Volume: 23,065,034
Track AMR

BKC 27.54

-0.74 -2.62%
Volume: 1,688,872
Track BKC

CAL 10.09

+0.13 +1.31%
Volume: 11,199,835
Track CAL

CSUN 7.58

+0.15 +2.02%
Volume: 784,056
Track CSUN

DAL 6.93

+0.12 +1.76%
Volume: 14,705,255
Track DAL

EIX 49.80

+0.52 +1.06%
Volume: 2,518,589
Track EIX

LUV 15.15

+0.16 +1.07%
Volume: 10,235,190
Track LUV

MDT 53.43

-0.67 -1.24%
Volume: 9,460,674
Track MDT

MU 5.70

+0.25 +4.59%
Volume: 19,274,575
Track MU

NUE 58.55

-1.26 -2.11%
Volume: 15,525,869
Track NUE

SMOD 4.18

+0.16 +3.98%
Volume: 280,412
Track SMOD

UAUA 5.45

+0.38 +7.50%
Volume: 20,961,466
Track UAUA


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