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 23.09

+0.28 +1.23%
Volume: 352,216
Track CBT

ELN 6.37

+0.09 +1.43%
Volume: 3,213,297
Track ELN

ENER 10.60

-0.06 -0.56%
Volume: 1,351,198
Track ENER

INCY 7.88

+0.27 +3.55%
Volume: 3,270,399
Track INCY

NZ 10.41

+0.59 +6.01%
Volume: 1,902,975
Track NZ

RGNC 18.97

-0.12 -0.63%
Volume: 147,453
Track RGNC

WBD 77.50

+3.13 +4.21%
Volume: 214,498
Track WBD

WSM 20.14

+0.04 +0.20%
Volume: 1,004,695
Track WSM


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