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 5.86

+0.27 +4.83%
Volume: 11,656,070
Track AMR

CAL 13.50

+0.65 +5.06%
Volume: 5,880,146
Track CAL

DAL 7.93

+0.20 +2.59%
Volume: 8,015,305
Track DAL

DPS 27.30

-0.26 -0.94%
Volume: 2,199,542
Track DPS

FDRY 16.66

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

GIS 66.95

-0.22 -0.33%
Volume: 1,603,463
Track GIS

K 52.74

-0.08 -0.15%
Volume: 1,344,351
Track K

LCC 3.23

+0.17 +5.56%
Volume: 7,051,612
Track LCC

RIG 89.83

+1.33 +1.50%
Volume: 3,854,196
Track RIG

UAUA 7.30

+0.60 +8.96%
Volume: 12,209,812
Track UAUA

V 80.82

-0.28 -0.35%
Volume: 3,665,796
Track V

VIA 32.52

+0.12 +0.37%
Volume: 60,794
Track VIA

WB 5.54

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


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