Notable Analyst Rating Changes 6/27: EAT, NOVL, DHR, BMY Upgraded; WYNN, MGM, AEO, NOK Downgraded

June 27, 2008 9:43 AM EDT

StreetInsider.com Notable Analyst Rating Changes:

UPGRADES:
Goldman Sachs upgrades Brinker International Inc. (NYSE: EAT) from Sell to Neutral.

Jefferies & Co upgrades Novell (Nasdaq: NOVL) from Hold to Buy, citing positive outlook. Price target $7.50.

Janney Montgomery Scott upgrades Danaher (NYSE: DHR) from Neutral to Buy. Price target $90.

Bernstein upgrades Bristol-Myers (NYSE: BMY) from Market Perform to Outperform.

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

DOWNGRADES:
KeyBanc downgrades Wynn Resorts, Limited (Nasdaq: WYNN) from Hold to Underweight, with a downside price target of $70. The firm also downgraded MGM MIRAGE (NYSE: MGM) from Buy to Hold.

Lazard downgrades American Eagle Outfitters (NYSE: AEO) from Buy to Hold.

Credit Suisse downgrades Nokia (NYSE: NOK) from Outperform to Neutral and lowered their price target from EUR 30 to EUR 18.50.

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

NEW COVERAGE:
Credit Suisse initiates coverage on Research In Motion (Nasdaq: RIMM) with an Underperform. Price target $100.

Credit Suisse initiates coverage on QUALCOMM (Nasdaq: QCOM) with an Outperform. Price target $60.

Credit Suisse initiates coverage on Motorola (NYSE: MOT) with an Underperform rating.

Stifel Nicolaus initiates coverage on MercadoLibre (Nasdaq: MELI) with a Buy rating.

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


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Stocks Mentioned

AEO 15.27

-0.11 -0.72%
Volume: 5,237,163
Track AEO

BMY 24.65

-0.66 -2.61%
Volume: 48,222,146
Track BMY

DHR 71.91

+0.99 +1.40%
Volume: 1,841,951
Track DHR

EAT 13.69

-0.11 -0.80%
Volume: 1,414,603
Track EAT

MELI 52.13

+2.78 +5.63%
Volume: 1,073,871
Track MELI

MGM 11.15

+0.58 +5.49%
Volume: 23,914,957
Track MGM

MOT 8.22

+0.21 +2.62%
Volume: 39,479,401
Track MOT

NOK 13.41

+0.15 +1.13%
Volume: 14,551,385
Track NOK

NOVL 3.91

+0.00 +0.00%
Volume: 2,280,205
Track NOVL

QCOM 45.06

+0.06 +0.13%
Volume: 14,140,231
Track QCOM

RIMM 59.73

+1.84 +3.18%
Volume: 13,325,434
Track RIMM

WYNN 66.37

+1.83 +2.84%
Volume: 2,584,791
Track WYNN


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