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 193.32

-3.16 -1.61%
Volume: 29,534,779
Track AAPL

ACV 29.54

+0.23 +0.78%
Volume: 583,316
Track ACV

ANF 36.13

-0.08 -0.22%
Volume: 7,318,123
Track ANF

CHK 22.57

-0.46 -2.00%
Volume: 25,775,478
Track CHK

CMCSA 16.13

+0.22 +1.38%
Volume: 52,780,960
Track CMCSA

HOLX 14.33

+0.09 +0.63%
Volume: 3,759,149
Track HOLX

KSS 53.70

-0.48 -0.89%
Volume: 5,003,849
Track KSS

MRO 31.63

-0.52 -1.62%
Volume: 9,254,971
Track MRO

NCC 1.81

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

S 3.69

+0.02 +0.54%
Volume: 53,655,781
Track S

TRA 39.05

+0.89 +2.33%
Volume: 4,166,901
Track TRA


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