Notable Analyst Rating Changes 8/4: CX, NEU, CHK, AKAM Upgraded; DE, AKS, ESRX, ELN Downgraded

August 4, 2008 10:10 AM EDT

StreetInsider.com Notable Analyst Rating Changes:

UPGRADES:
Morgan Stanley upgrades Cemex (NYSE: CX) from Underweight to Equal Weight, citing valuation.

Oppenheimer and Gabelli upgrade NewMarket (NYSE: NEU) to Outperform and Buy, respectively.

Capital One Southcoast upgrades Chesapeake Energy Corp. (NYSE: CHK) from Add to Strong Buy with a $92 price target, citing an attractive valuation and upcoming catalysts.

Jefferies upgrades Akamai (Nasdaq: AKAM) from Hold to Buy with a $29 price target.

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

DOWNGRADES:
Goldman Sachs downgrades Deere & Co. (NYSE: DE) from Buy to Neutral.

Longbow Reseach downgrades AK Steel (NYSE: AKS) from Buy to Neutral.

Broadpoint Capital downgrades Express Scripts (Nasdaq: ESRX) from Strong Buy to Buy.

Credit Suisse downgrades Elan (NYSE: ELN) from Outperform to Neutral.

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

NEW COVERAGE:
Banc of America initiates coveage on Amgen (Nasdaq: AMGN) with a Buy rating and $70 price target.

Morgan Joseph initiates coverage on Immunogenic (NASDAQ: IMGN) with a Buy rating and a $7 price target.

Merriman Curhan Ford initiates coverage on Cree (Nasdaq: CREE) with a Neutral rating.

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


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Stocks Mentioned

AKAM 23.92

-0.37 -1.52%
Volume: 1,444,393
Track AKAM

AKS 19.55

-0.43 -2.15%
Volume: 5,468,529
Track AKS

AMGN 56.50

-0.58 -1.02%
Volume: 2,977,023
Track AMGN

CHK 24.17

-0.69 -2.78%
Volume: 10,631,097
Track CHK

CREE 47.77

-0.53 -1.10%
Volume: 727,865
Track CREE

CX 10.98

-0.25 -2.23%
Volume: 6,704,744
Track CX

DE 52.36

-1.34 -2.50%
Volume: 3,340,131
Track DE

ELN 6.27

-0.11 -1.72%
Volume: 1,363,467
Track ELN

ESRX 85.74

-1.25 -1.44%
Volume: 866,577
Track ESRX

IMGN 8.15

-0.18 -2.16%
Volume: 244,054
Track IMGN

NEU 107.99

-2.57 -2.32%
Volume: 117,570
Track NEU


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