Notable Analyst Rating Changes 5/8: WB, VIA, GIS Upgraded; AMR, CAL, DAL, UAUA, K, RIG Downgraded

May 8, 2008 10:10 AM EDT

StreetInsider.com Notable Analyst Rating Changes:

UPGRADES:
Credit Suisse upgrades Wachovia (NYSE: WB) from Underperform to Neutral. Price target increased to $30.

BMO Capital upgrades Viacom (NYSE: VIA) from Market Perform to Outperform.

Goldman Sachs upgrades General Mills (NYSE: GIS) from Neutral to Buy in assumed coverage.

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

DOWNGRADES:Merrill Lynch downgrades AMR Corp (NYSE: AMR), Continental Airlines (NYSE: CAL), Delta Air Lines (NYSE: DAL), UAL Corp (Nasdaq: UAUA) and US Airways Group (NYSE: LCC) from Buy to Neutral.

Goldman Sachs downgrades Kellogg (NYSE: K) from Buy to Neutral in assumed coverage.

Stifel Nicolaus downgrades Transocean (NYSE: RIG) from Buy to Hold.

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

NEW COVERAGE:
Morgan Keegan initiates coverage on Visa (NYSE: V) with a Market Perform, citing current valuation.

Wedbush Morgan initiates coverage on Foundry Networks (Nasdaq: FDRY) with a Buy rating and a $15 price target.

Morgan Stanley initiates coverage on Dr. Pepper Snapple Group (NYSE: DPS) with an Equalweight rating.

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


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Stocks Mentioned

AMR 25.06

+20.92 +505.31%
Volume: 431,999
Track AMR

CAL 26.28

+17.06 +185.03%
Volume: 443,112
Track CAL

DAL 27.57

+21.72 +371.28%
Volume: 445,225
Track DAL

DPS 25.10

+3.02 +13.68%
Volume: 439,448
Track DPS

FDRY 16.66

+0.00 +0.00%
Volume: 14,213,618
Track FDRY

GIS 29.95

-28.23 -48.52%
Volume: 429,392
Track GIS

K 46.82

-0.73 -1.54%
Volume: 2,148,001
Track K

LCC 2.46

+0.05 +2.07%
Volume: 3,808,116
Track LCC

RIG 27.47

-46.00 -62.61%
Volume: 443,162
Track RIG

UAUA 3.31

+0.02 +0.61%
Volume: 5,053,672
Track UAUA

V 27.40

-33.40 -54.93%
Volume: 443,423
Track V

VIA 27.52

+3.40 +14.10%
Volume: 448,296
Track VIA

WB 5.54

+0.00 +0.00%
Volume: 79,673,174
Track WB


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