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 140.02

-2.81 -1.97%
Volume: 13,236,264
Track AAPL

ACV 28.69

+2.88 +11.16%
Volume: 446,801
Track ACV

ANF 27.53

+2.10 +8.26%
Volume: 443,211
Track ANF

CHK 28.75

+9.08 +46.16%
Volume: 447,081
Track CHK

CMCSA 13.89

-0.58 -4.01%
Volume: 18,541,676
Track CMCSA

HOLX 13.65

-0.27 -1.94%
Volume: 2,432,101
Track HOLX

KSS 41.25

-1.34 -3.15%
Volume: 4,224,575
Track KSS

MRO 27.48

-2.82 -9.31%
Volume: 437,585
Track MRO

NCC 1.81

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

S 29.97

+25.36 +550.11%
Volume: 437,610
Track S

TRA 27.52

+3.05 +12.46%
Volume: 431,834
Track TRA


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