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 11.92

+0.30 +2.58%
Volume: 2,781,367
Track AKAM

AKS 7.16

+0.00 +0.00%
Volume: 7,197,462
Track AKS

AMGN 57.47

+2.83 +5.18%
Volume: 9,872,472
Track AMGN

CHK 14.10

-0.15 -1.05%
Volume: 22,752,021
Track CHK

CREE 15.61

-0.08 -0.51%
Volume: 906,242
Track CREE

CX 6.72

+0.16 +2.44%
Volume: 7,853,683
Track CX

DE 33.75

+1.91 +6.00%
Volume: 6,689,422
Track DE

ELN 6.63

-0.01 -0.15%
Volume: 2,152,469
Track ELN

ESRX 55.55

+2.73 +5.17%
Volume: 2,435,246
Track ESRX

IMGN 3.61

+0.02 +0.56%
Volume: 237,493
Track IMGN

NEU 32.40

+0.84 +2.66%
Volume: 194,384
Track NEU


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