Notable Analyst Rating Changes 6/4: NBR, MS, TSN Upgraded; MAR, VNUS, OMRI Downgraded

June 4, 2008 9:58 AM EDT

StreetInsider.com Notable Analyst Rating Changes:

UPGRADES:
Goldman Sachs upgrades Nabors (NYSE: NBR) from Neutral to Buy.

Wachovia upgrades Morgan Stanley (NYSE: MS) to Outperform and sets a valuation range of $51-$53, which is based on 1.7x the firm's estimated Q208 book value.

Wachovia upgrades Tyson Foods (NYSE: TSN) from Market Perform to Outperform with a $24 to $26 valuation range.

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

DOWNGRADES:
Piper Jaffray downgrades VNUS Medical (NASDAQ: VNUS) from Buy to Neutral and raises their price target from $20 to $21.

UBS downgrades Omrix Biopharmaceuticals (Nasdaq: OMRI) from Buy to Neutral. Price target $17.

Oppenheimer downgrades Marriott International (NYSE: MAR) from Outperform to Perform with a $35 price target, saying headwinds including A weak leisure and business travel market and limited exposure to high growth international markets suggest shares could be range bound.

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

NEW COVERAGE:
Merrill Lynch initiates coverage on Sherwin Williams (NYSE: SHW) with an Underperform rating, following yesterday's profit warning from the company.

Goldman Sachs initiates coverage on Xenoport, Inc. (Nasdaq: XNPT) with a Buy rating and $60 price target.

Baird initiates coverage on VF Corporation (NYSE: VFC) with an Outperform, citing strong (long-term) growth outlook. Price target $90.

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


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Stocks Mentioned

MAR 35.72

+0.00 +0.00%
Volume: 200
Track MAR

MS 19.66

+0.00 +0.00%
Volume: 60,368
Track MS

NBR 18.98

+0.00 +0.00%
Volume: 5,342,018
Track NBR

OMRI 24.99

+0.00 +0.00%
Volume: 144,828
Track OMRI

SHW 98.37

+0.00 +0.00%
Volume: 1,244,324
Track SHW

TSN 18.92

+0.00 +0.00%
Volume: 2,809,197
Track TSN

VFC 141.02

+0.00 +0.00%
Volume: 1,023,166
Track VFC

VNUS 29.00

+0.00 +0.00%
Volume: 63,265
Track VNUS

XNPT 4.30

+0.00 +0.00%
Volume: 123,431
Track XNPT


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