Notable Analyst Rating Changes 8/29: CBT, NZ, INCY Upgraded; WBD, ENER, WSM Downgraded

August 29, 2008 9:39 AM EDT

StreetInsider.com Notable Analyst Rating Changes:

UPGRADES:
J.P. Morgan upgrades Cabot (NYSE: CBT) from Neutral to Overweight.

Merriman Curhan upgrades Netezza (NYSE: NZ) from Hold to Buy.

ARGUS upgrades Incyte Corp. (Nasdaq: INCY) from Hold to Buy based on valuation and the solid trial results of INCB18424.

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

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

Piper Jaffray downgrades Energy Conversion Devices (Nasdaq: ENER) from Buy to Neutral but raises its price target from $58 to $73.

Thomas Weisel downgrades Williams-Sonoma (NYSE: WSM) from Overweight to Market Weight.

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

NEW COVERAGE:
Morgan Stanley initiates coverage on Elan (NYSE: ELN) with an Overweight rating, citing valuation and its view that Tysabri's withdrawal is a low probability event.

Merrill Lynch initiates coverage on Regency Energy Partners (Nasdaq: RGNC) with a Neutral. Price target $27.

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


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Stocks Mentioned

CBT 24.39

+0.69 +2.91%
Volume: 432,971
Track CBT

ELN 6.27

+0.06 +0.97%
Volume: 1,995,810
Track ELN

ENER 10.17

-0.24 -2.31%
Volume: 2,445,091
Track ENER

INCY 8.29

+0.22 +2.73%
Volume: 2,094,507
Track INCY

NZ 9.97

+0.34 +3.53%
Volume: 931,182
Track NZ

RGNC 18.99

-0.16 -0.84%
Volume: 691,269
Track RGNC

WBD 20.42

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

WSM 21.52

+0.40 +1.89%
Volume: 2,983,453
Track WSM


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