Notable Analyst Rating Changes 8/12: FCX, PVA, RIO, DAL, CAL, AMR Upgraded; GS, WYNN, LUV, MCD Downgraded

August 12, 2008 9:49 AM EDT

StreetInsider.com Notable Analyst Rating Changes:

UPGRADES:
Soleil Securities upgrades Freeport-McMoRan Copper & Gold (NYSE: FCX) from Hold to Buy with a $135 price target, citing valuation.

SunTrust Robinson Humphrey upgrades Penn Virginia (NYSE: PVA) from Hold to Buy with a $93 price target.

HSBC upgrades Vale (NYSE: RIO) from Underweight to Neutral.

J.P. Morgan upgrades Alaska Air Group (NYSE: ALK) and Delta Air Lines (NYSE: DAL) from Neutral to Overweight, AMR Corp (NYSE: AMR), Continental (NYSE: CAL), and US Airways (NYSE: LCC) upgraded from Underweight to Overweight, and Northwest Airlines (NYSE: NWA) was upgraded from Underweight to Neutral.

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

DOWNGRADES:
Deutsche Bank's Mike Mayo downgrades Goldman Sachs (NYSE: GS) from Buy to Hold and lowers his price target from $209 to $192, citing its leverage to the equity markets.

J.P. Morgan downgrades Wynn Resorts (Nasdaq: WYNN) from Overweight to Neutral.

J.P. Morgan downgrades Southwest Airlines (NYSE: LUV) from Neutral to Underweight.

UBS downgrades McDonald's (NYSE: MCD) from Buy to Neutral, citing slowing fast food trends in the U.S.

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

NEW COVERAGE:
Goldman Sachs initiates coverage on AU Optronics (NYSE: AUO) with a Buy rating.

Citi initiates coverage on Best Buy Co Inc (NYSE: BBY) with a Hold. Price target $47.

Piper Jaffray initiates coverage on United Therapeutics (NASDAQ: UTRH) with a Sell rating and a $68 price target.

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


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Stocks Mentioned

ALK 21.17

+0.00 +0.00%
Volume: 772,813
Track ALK

AMR 8.03

+0.00 +0.00%
Volume: 7,290,379
Track AMR

AUO 5.83

+0.00 +0.00%
Volume: 2,865,716
Track AUO

BBY 19.02

+0.00 +0.00%
Volume: 8,982,151
Track BBY

CAL 13.87

+0.00 +0.00%
Volume: 6,020,941
Track CAL

DAL 7.96

+0.00 +0.00%
Volume: 9,192,408
Track DAL

FCX 20.91

+0.00 +0.00%
Volume: 17,475,062
Track FCX

GS 65.76

+0.00 +0.00%
Volume: 28,607,889
Track GS

LCC 5.12

+0.00 +0.00%
Volume: 4,466,378
Track LCC

LUV 7.93

+0.00 +0.00%
Volume: 10,217,894
Track LUV

MCD 56.17

+0.00 +0.00%
Volume: 11,079,485
Track MCD

NWA 9.90

+0.00 +0.00%
Volume: 15,676,884
Track NWA

PVA 26.08

+0.00 +0.00%
Volume: 752,492
Track PVA

RIO 10.46

+0.00 +0.00%
Volume: 24,662,788
Track RIO

WYNN 33.87

+0.00 +0.00%
Volume: 1,587,739
Track WYNN


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