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 12.88

-0.54 -4.02%
Volume: 2,307,624
Track AMLN

AXL 27.52

+23.94 +668.72%
Volume: 451,852
Track AXL

BKUNA 0.49

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

EHTH 16.85

-0.82 -4.64%
Volume: 152,526
Track EHTH

HPQ 37.85

-0.83 -2.15%
Volume: 11,991,788
Track HPQ

IXYS 9.62

-0.80 -7.68%
Volume: 130,798
Track IXYS

JCG 24.99

-1.49 -5.63%
Volume: 1,266,757
Track JCG

MKC 26.22

-7.03 -21.14%
Volume: 444,635
Track MKC

OKE 26.22

-3.96 -13.12%
Volume: 443,655
Track OKE

WBD 27.44

-29.06 -51.43%
Volume: 439,303
Track WBD


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