Notable Analyst Rating Changes 10/1: ALU, XOM, INFA, PLCE Upgraded; THC, PHG, MRT, XRTX Downgraded

October 1, 2008 12:07 PM EDT

UPGRADES:
Goldman Sachs upgrades Alcatel-Lucent (NYSE: ALU) from Neutral to Buy and adds the stock to their Conviction Buy List.

Barclays Capital upgrades Exxon Mobil (NYSE: XOM) from Equal-Weight to Overweight with a $95 price target, citing valuation.

Roth Capital upgrades Informatica (Nasdaq: INFA) from Hold to Buy. Price target $17.

Wedbush Morgan upgrades The Children's Place Retail Stores (Nasdaq: PLCE) from Hold to Buy. Price target $42.

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

DOWNGRADES:
UBS downgrades Tenet Healthcare (NYSE: THC) from Neutral to Sell.

Morgan Stanley downgrades Philips Electronics (NYSE: PHG) from Equalweight to Underweight.

Wachovia downgrades Morton's Restaurant Group (NYSE: MRT) from Outperform to Market Perform.

Needham & Co downgrades Xyratex (Nasdaq: XRTX) from Strong Buy to Buy. Price target $14.

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

NEW COVERAGE:
Thomas Weisel initiates coverage on Dolbys Labs (NYSE: DLB) with an Overweight. Price target $42.

Baird initiates coverage on Synchronoss Technologies (Nasdaq: SNCR) with a Neutral. Price target $11.

J.P. Morgan initiates coverage on Synthesis Energy (Nasdaq: SYMX) with a Neutral.

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


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Stocks Mentioned

ALU 2.09

+0.14 +7.18%
Volume: 9,700,114
Track ALU

DLB 28.34

+0.50 +1.80%
Volume: 773,135
Track DLB

INFA 12.60

-0.15 -1.18%
Volume: 1,242,818
Track INFA

MRT 2.60

+0.05 +1.96%
Volume: 46,145
Track MRT

PHG 15.83

+0.95 +6.38%
Volume: 970,802
Track PHG

PLCE 20.02

-0.64 -3.10%
Volume: 1,215,010
Track PLCE

SNCR 6.69

+0.50 +8.08%
Volume: 153,960
Track SNCR

SYMX 0.70

+0.09 +14.75%
Volume: 287,867
Track SYMX

THC 1.20

+0.07 +6.19%
Volume: 10,258,732
Track THC

XOM 77.61

+3.30 +4.44%
Volume: 54,658,327
Track XOM

XRTX 2.53

-0.21 -7.66%
Volume: 227,335
Track XRTX


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