Notable Analyst Rating Changes 5/28: UPS, FTO, WBMD, NVDA Upgraded; OVTI, EXC, RYAAY Downgraded

May 28, 2008 9:42 AM EDT

StreetInsider.com Notable Analyst Rating Changes:

UPGRADES:
Merrill Lynch upgrades UPS (NYSE: UPS) from Neutral to Buy.

Bear Stearns upgrades Frontier Oil (NYSE: FTO) from Underperform to Peer Perform.

Citi upgrades WebMD Corp (Nasdaq: WBMD) from Hold to Buy. Price target increased from $33 to $35.

JMP Securities upgrades NVIDIA (Nasdaq: NVDA) from Market Perform to Outperform, citing valuation and product momentum.

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

DOWNGRADES:
Oppenheimer downgrades OmniVision (Nasdaq: OVTI) from Outperform to Perform.

Citi downgrades Exelon Corp (NYSE: EXC) from Buy to Hold. Price target increased from $85 to $91.

Merrill Lynch downgrades Ryanair (Nasdaq: RYAAY) from Buy to Neutral.

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

NEW COVERAGE:
Stifel Nicolaus initiates coverage on Bankrate (Nasdaq: RATE) with a Hold rating.

Jesup & Lamont initiates coverage on Diamond Offshore Drilling (NYSE: DO) with a Buy rating and a $184.50 price target.

Kaufman Bros initiates MEMC Electronic Materials (NYSE: WFR) with a Buy rating and $80 price target.

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


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Stocks Mentioned

DO 106.90

+2.38 +2.28%
Volume: 1,853,067
Track DO

EXC 64.97

-5.65 -8.00%
Volume: 11,216,999
Track EXC

FTO 19.62

+0.92 +4.92%
Volume: 4,105,822
Track FTO

NVDA 11.67

+0.17 +1.48%
Volume: 19,779,536
Track NVDA

OVTI 11.89

+0.16 +1.36%
Volume: 2,006,605
Track OVTI

RATE 32.73

+1.14 +3.61%
Volume: 111,003
Track RATE

RYAAY 22.96

-0.11 -0.48%
Volume: 474,826
Track RYAAY

UPS 63.89

-0.27 -0.42%
Volume: 4,067,420
Track UPS

WBMD 30.27

-0.21 -0.69%
Volume: 156,831
Track WBMD

WFR 40.19

+0.51 +1.29%
Volume: 4,024,243
Track WFR


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