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 7.37

+0.50 +7.28%
Volume: 24,138,531
Track AMR

CAL 16.74

+0.82 +5.15%
Volume: 8,733,249
Track CAL

DAL 9.94

+0.56 +5.97%
Volume: 21,421,471
Track DAL

DPS 26.80

+0.09 +0.34%
Volume: 1,260,768
Track DPS

FDRY 16.66

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

GIS 68.93

+0.74 +1.09%
Volume: 1,659,816
Track GIS

K 52.96

+0.23 +0.44%
Volume: 1,330,958
Track K

LCC 4.43

+0.37 +9.11%
Volume: 20,557,844
Track LCC

RIG 83.00

-1.22 -1.45%
Volume: 5,427,909
Track RIG

UAUA 9.72

+0.50 +5.42%
Volume: 23,549,149
Track UAUA

V 80.27

+0.24 +0.30%
Volume: 5,466,417
Track V

VIA 31.49

+0.29 +0.93%
Volume: 94,795
Track VIA

WB 5.54

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


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