Notable Analyst Rating Changes 5/29: NSC, ALU, EXPE Upgraded; ESLR, SPWR, NFLX, CHS Downgraded

May 29, 2008 9:49 AM EDT

StreetInsider.com Notable Analyst Rating Changes:

UPGRADES:
Merrill Lynch upgrades Norfolk Southern (NYSE: NSC) from Neutral to Buy.

Goldman Sachs upgrades Alcatel-Lucent (NYSE: ALU) from Sell to Neutral.

Stifel Nicolaus upgrades Expedia (Nasdaq: EXPE) from Hold to Buy. Price target $30.

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

DOWNGRADES:
Merrill Lynch downgraded Evergreen Solar Inc. (Nasdaq: ESLR) and SunPower Corporation (Nasdaq: SPWR) from Neutral to Sell, citing oversupply concerns and possible subsidy cuts in Germany.

Thomas Weisel downgrades Netflix (Nasdaq: NFLX) from Overweight to Market Weight.

Citi downgrades Chico's FAS Inc (NYSE: CHS) from Hold to Sell.

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

NEW COVERAGE:
Sterne Agee & Leach initiates coverage on Comerica (NYSE: CMA) with a Buy rating and $44 price target.

Sterne Agee initiates coverage on National City (NYSE: NCC) with a Buy rating.

Stifel Nicolaus initiates coverage on Bill Barrett (NYSE: BBG) with a Buy rating.

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


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Stocks Mentioned

ALU 3.43

+0.02 +0.59%
Volume: 7,235,457
Track ALU

BBG 27.42

-0.23 -0.83%
Volume: 756,824
Track BBG

CHS 14.04

+0.17 +1.23%
Volume: 3,180,883
Track CHS

CMA 28.28

+0.62 +2.24%
Volume: 1,549,093
Track CMA

ESLR 1.55

+0.05 +3.33%
Volume: 4,256,308
Track ESLR

EXPE 25.85

-0.15 -0.58%
Volume: 3,438,709
Track EXPE

NCC 1.81

+0.00 +0.00%
Volume: 106,343,355
Track NCC

NFLX 56.23

-1.76 -3.04%
Volume: 1,657,329
Track NFLX

NSC 52.84

+1.36 +2.64%
Volume: 2,456,900
Track NSC

SPWR 60.75

+0.00 +0.00%
Volume: 3,741,039
Track SPWR


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