Notable Analyst Rating Changes 9/29: NCC, TRA, ANF, MRO Upgraded; AAPL, KSS, S, CMCSA Downgraded

September 29, 2008 10:04 AM EDT

UPGRADES:
Oppenheimer upgrades National City (NYSE: NCC) from Perform to Outperform with a $5 price target, citing valuation.

Goldman Sachs upgrades Terra Industries Inc. (NYSE: TRA) from Sell to Neutral.

Thomas Weisel upgrades Abercrombie & Fitch (NYSE: ANF) from Market Weight to Overweight.

Goldman Sachs upgrades Marathon Oil Corporation (NYSE: MRO) from Neutral to Buy with a $59 price target.

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

DOWNGRADES:
Morgan Stanley downgrades Apple (Nasdaq: AAPL) from Overweight to Equal Weight and cut its price target from $178 to $115.

Thomas Weisel downgrades Kohl's (NYSE: KSS) from Marketweight to Underweight. Price target $40.

Oppenheimer downgrades Sprint Nextel Corp. (NYSE: S) from Perform to Underperform

Oppenheimer downgrades Comcast Corp. (Nasdaq: CMCSA) from Perform to Underperform

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

NEW COVERAGE:
Merrill Lynch initiates coverage on Chesapeake Energy Corp. (NYSE: CHK) with a Buy rating and $58 price target.

Goldman Sachs initiates coverage on Alberto-Culver Co. (NYSE: ACV) with a Buy rating.

Collins Stewart initiates coverage on Hologic (Nasdaq: HOLX) with a Hold.

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


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Stocks Mentioned

AAPL 203.25

+0.27 +0.13%
Volume: 15,823,266
Track AAPL

ACV 27.73

-0.22 -0.79%
Volume: 507,516
Track ACV

ANF 37.59

+0.06 +0.16%
Volume: 3,343,539
Track ANF

CHK 25.18

-0.16 -0.63%
Volume: 12,812,452
Track CHK

CMCSA 15.10

+0.25 +1.68%
Volume: 22,011,348
Track CMCSA

HOLX 15.75

-0.02 -0.13%
Volume: 3,944,104
Track HOLX

KSS 54.59

-1.77 -3.14%
Volume: 8,105,988
Track KSS

MRO 34.96

+0.02 +0.06%
Volume: 4,796,456
Track MRO

NCC 1.81

+0.00 +0.00%
Volume: 106,343,355
Track NCC

S 3.19

-0.05 -1.54%
Volume: 41,306,570
Track S

TRA 36.69

+0.87 +2.43%
Volume: 2,551,668
Track TRA


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