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 29.97

+27.54 +1,133.33%
Volume: 449,629
Track ALU

BBG 27.46

-0.54 -1.93%
Volume: 437,414
Track BBG

CHS 27.46

+17.58 +177.94%
Volume: 445,534
Track CHS

CMA 25.18

+3.78 +17.66%
Volume: 450,433
Track CMA

ESLR 2.39

+0.24 +11.16%
Volume: 25,713,210
Track ESLR

EXPE 15.00

-0.55 -3.54%
Volume: 4,941,984
Track EXPE

NCC 1.81

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

NFLX 39.92

-0.70 -1.72%
Volume: 1,004,327
Track NFLX

NSC 25.10

-13.08 -34.26%
Volume: 436,123
Track NSC

SPWR 60.75

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


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