Notable Analyst Rating Changes 8/27: MKC, WBD, OKE Upgraded; AMLN, BKUNA, JCG, AXL Downgraded

August 27, 2008 9:47 AM EDT

StreetInsider.com Notable Analyst Rating Changes:

UPGRADES:
Banc of America upgrades McCormick & Co. Inc. (NYSE: MKC) from Sell to Neutral.

UBS upgrades Wimm-Bill-Dann Foods (NYSE: WBD) from Neutral to Buy.

Lehman Bros. upgrades ONEOK (NYSE: OKE) from Equalweight to Overweight.

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

DOWNGRADES:
Robert W. Baird downgrades Amylin Pharmaceuticals, Inc. (Nasdaq: AMLN) from Buy to Neutral, saying the latest Byetta update reduces their conviction. The firm cut its price target from $37 to $27.

Natixis Bleichroeder downgrades Amylin Pharmaceuticals from Hold to Sell. Price target $22.

Soleil Securities downgrades Amylin Pharmaceuticals from Hold to Sell and lowers their price target from $25 to $20, following news of four additional deaths of patients on Byetta.

Stifel Nicolaus downgrades BankUnited Financial (Nasdaq: BKUNA) from Hold to Sell.

Brean Murray downgrades J. Crew Group, Inc. (NYSE: JCG) from Buy to Hold.

Robert W. Baird downgrades American Axle & Manufacturing (NYSE: AXL) from Outperform to Neutral with a $7 price target.

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

NEW COVERAGE:
Lehman Bros. re-initiates coverage on Hewlett-Packard (NYSE: HPQ) with an Overweight rating.

Merriman Curhan initiates coverage on eHealth (Nasdaq: EHTH) with a Buy.

Needham & Co. initiates coverage on IXYS Corp (NASDAQ: IXYS) with a Hold rating.

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


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Stocks Mentioned

AMLN 14.10

-0.17 -1.19%
Volume: 2,642,717
Track AMLN

AXL 7.15

+0.49 +7.36%
Volume: 4,286,467
Track AXL

BKUNA 0.49

+0.00 +0.00%
Volume: 8,886,899
Track BKUNA

EHTH 14.18

+0.62 +4.57%
Volume: 128,564
Track EHTH

HPQ 49.79

+0.83 +1.70%
Volume: 18,895,962
Track HPQ

IXYS 7.17

+0.39 +5.75%
Volume: 149,810
Track IXYS

JCG 43.14

+0.50 +1.17%
Volume: 2,244,047
Track JCG

MKC 36.51

+0.33 +0.91%
Volume: 425,557
Track MKC

OKE 40.79

+0.25 +0.62%
Volume: 457,321
Track OKE

WBD 20.42

+0.68 +3.44%
Volume: 137,135
Track WBD


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