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 3.64

-0.32 -8.08%
Volume: 30,058,744
Track ALU

BBG 32.50

+0.16 +0.49%
Volume: 994,092
Track BBG

CHS 13.13

+0.00 +0.00%
Volume: 2,658,206
Track CHS

CMA 28.01

-0.38 -1.34%
Volume: 1,915,638
Track CMA

ESLR 1.44

-0.01 -0.69%
Volume: 2,132,976
Track ESLR

EXPE 24.42

+0.39 +1.62%
Volume: 5,492,585
Track EXPE

NCC 1.81

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

NFLX 58.40

+1.20 +2.10%
Volume: 1,884,081
Track NFLX

NSC 51.80

-0.15 -0.29%
Volume: 3,096,753
Track NSC

SPWR 60.75

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


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