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 25.15

+12.28 +95.42%
Volume: 444,523
Track CBT

ELN 28.68

+21.68 +309.71%
Volume: 448,401
Track ELN

ENER 15.06

+0.74 +5.17%
Volume: 3,746,628
Track ENER

INCY 3.37

-0.02 -0.59%
Volume: 1,015,194
Track INCY

NZ 27.43

+19.10 +229.29%
Volume: 441,569
Track NZ

RGNC 14.68

-0.04 -0.27%
Volume: 210,226
Track RGNC

WBD 27.44

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

WSM 29.93

+18.17 +154.51%
Volume: 445,837
Track WSM


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