Notable Analyst Rating Changes 7/14: NOV, AA, GENZ, M Upgraded; UAUA, ZION, HOT, DB Downgraded

July 14, 2008 9:36 AM EDT

StreetInsider.com Notable Analyst Rating Changes:

UPGRADES:
BofA upgrades National Oilwell Varco (NYSE: NOV) from Neutral to Buy.

Goldman Sachs upgrades Alcoa, Inc. (NYSE: AA) from Neutral to Buy and raises its price target to $50, citing higher aluminum forecasts, driven by China.

Citi upgrades Genzyme (Nasdaq: GENZ) from Hold to Buy. Price target increased from $80 to $91.

J.P. Morgan upgrades Macy's (NYSE: M) from Underweight to Neutral.

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

DOWNGRADES:
Credit Suisse downgrades UAL Corp. (Nasdaq: UAUA) from Outperform to Neutral.

Goldman Sachs downgrades Zions Bancorp (Nasdaq: ZION) from Neutral to Sell and adds the stock to its Conviction Sell List.

Goldman Sachs downgrades Starwood Hotels (NYSE: HOT) from Hold to Sell and adds to their Conviction Sell List.

Morgan Stanley downgrades Deutsche Bank (NYSE: DB) from Equalweight to Underweight.

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

NEW COVERAGE:
Deutsche Bank reinstates MillerCoors (NYSE: TAP) with a Buy rating and a $65 price target.

Citi initiates coverage on Corning Incorporated (NYSE: GLW) with a Hold. Price target $23.50.

Fox Pitt initiates coverage on American Express (NYSE: AXP) with an Outperform. Price target $55.

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


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Stocks Mentioned

AA 11.25

-1.21 -9.71%
Volume: 44,532,708
Track AA

AXP 23.15

-0.85 -3.54%
Volume: 45,642,847
Track AXP

DB 45.68

-0.57 -1.23%
Volume: 1,900,146
Track DB

GENZ 64.59

+0.46 +0.72%
Volume: 7,701,523
Track GENZ

GLW 12.37

+0.07 +0.57%
Volume: 31,153,096
Track GLW

HOT 21.03

+0.68 +3.34%
Volume: 9,114,060
Track HOT

M 9.92

-1.54 -13.44%
Volume: 34,367,836
Track M

NOV 23.42

-5.28 -18.40%
Volume: 33,415,707
Track NOV

TAP 37.60

-2.90 -7.16%
Volume: 2,994,068
Track TAP

UAUA 6.02

+0.67 +12.52%
Volume: 15,403,034
Track UAUA

ZION 33.37

+3.99 +13.58%
Volume: 9,555,291
Track ZION


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