Notable Analyst Rating Changes 05/24: (PPG) (WPI) (DUK) Upgraded; (BHI) (HGSI) (COG) Downgraded

UPGRADES
BofA/Merrill Lynch upgrades PPG Industries (NYSE: PPG) from Neutral to Buy.

Wells Fargo boosts Watson Pharmaceuticals (NYSE: WPI) from Market Perform to Outperform, raising its price target range from $75 - $79 to $84 - $90. Click Here for more color.

UBS lifts Duke Energy (NYSE: DUK) from Neutral to Buy.

BMO Capital raises Ivanhoe Mines (NYSE: IVN) from Market Perform to Outperform.

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

DOWNGRADES
Societe Generale downgrades Baker Hughes (NYSE: BHI) from Buy to Hold with a price target of $47.

BMO Capital trims Human Genome Sciences (Nasdaq: HGSI) from Outperform to Market Perform and a price target of $13.

CapitalOne lops Cabot Oil & Gas (NYSE: COG) from Add to Neutral with a price target of $40.

Goldman Sachs reduces General Dynamics Corp. (NYSE: GD) from Neutral to Sell, price target cut from $68 to $56. Click Here for more color.

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

NEW COVERAGE
Macquarie starts Discovery Communications (Nasdaq: DISCA) with a Neutral.

Credit Suisse assumes OCZ Technology Group (Nasdaq: OCZ) with an Outperform and $8 price target.

Stephens begins Cree (Nasdaq: CREE) with an Equal Weight and $35 price target.

Roth Capital starts Nektar Therapeutics (Nasdaq: NKTR) with a Buy and price target of $10.

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

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