Notable Analyst Rating Changes 8/27: MKC, WBD, OKE Upgraded; AMLN, BKUNA, JCG, AXL Downgraded

August 27, 2008 9:47 AM EDT

StreetInsider.com Notable Analyst Rating Changes:

UPGRADES:
Banc of America upgrades McCormick & Co. Inc. (NYSE: MKC) from Sell to Neutral.

UBS upgrades Wimm-Bill-Dann Foods (NYSE: WBD) from Neutral to Buy.

Lehman Bros. upgrades ONEOK (NYSE: OKE) from Equalweight to Overweight.

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

DOWNGRADES:
Robert W. Baird downgrades Amylin Pharmaceuticals, Inc. (Nasdaq: AMLN) from Buy to Neutral, saying the latest Byetta update reduces their conviction. The firm cut its price target from $37 to $27.

Natixis Bleichroeder downgrades Amylin Pharmaceuticals from Hold to Sell. Price target $22.

Soleil Securities downgrades Amylin Pharmaceuticals from Hold to Sell and lowers their price target from $25 to $20, following news of four additional deaths of patients on Byetta.

Stifel Nicolaus downgrades BankUnited Financial (Nasdaq: BKUNA) from Hold to Sell.

Brean Murray downgrades J. Crew Group, Inc. (NYSE: JCG) from Buy to Hold.

Robert W. Baird downgrades American Axle & Manufacturing (NYSE: AXL) from Outperform to Neutral with a $7 price target.

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

NEW COVERAGE:
Lehman Bros. re-initiates coverage on Hewlett-Packard (NYSE: HPQ) with an Overweight rating.

Merriman Curhan initiates coverage on eHealth (Nasdaq: EHTH) with a Buy.

Needham & Co. initiates coverage on IXYS Corp (NASDAQ: IXYS) with a Hold rating.

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


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Stocks Mentioned

AMLN 6.25

+0.19 +3.14%
Volume: 2,000,912
Track AMLN

AXL 2.24

-0.04 -1.75%
Volume: 1,786,346
Track AXL

BKUNA 0.27

+0.01 +3.85%
Volume: 686,926
Track BKUNA

EHTH 9.74

+0.02 +0.21%
Volume: 269,195
Track EHTH

HPQ 34.27

+0.83 +2.48%
Volume: 21,657,936
Track HPQ

IXYS 6.58

+0.49 +8.05%
Volume: 145,585
Track IXYS

JCG 9.52

+0.75 +8.55%
Volume: 1,775,790
Track JCG

MKC 29.16

+0.34 +1.18%
Volume: 1,279,887
Track MKC

OKE 27.00

+1.13 +4.37%
Volume: 832,194
Track OKE

WBD 21.84

+1.34 +6.54%
Volume: 292,675
Track WBD


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