Notable Analyst Rating Changes 7/18: C, SPWR, XTO, UAUA Upgraded; VCLK, GILD, MER, BBY Downgraded

July 18, 2008 9:45 AM EDT

StreetInsider.com Notable Analyst Rating Changes:

UPGRADES:
Deutache Bank upgrades Citigroup (NYSE: C) from Sell to Neutral and raises their price target from $14 to $20.

Broadpoint Capital upgrades SunPower (Nasdaq: SPWR) from Neutral to Buy.

Stifel Nicolaus upgrades XTO Energy (NYSE: XTO) from Hold to Buy.

JP Morgan upgrades UAL (Nasdaq: UAUA) from Underweight to Overweight.

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

DOWNGRADES:
Citi and Stanford Group downgrade ValueClick (Nasdaq: VCLK) to Hold.

BMO Capital downgrades Gilead Sciences (Nasdaq: GILD) from Outperform to Market Perform.

Fox-Pitt downgrades Merrill Lynch (NYSE: MER) from In Line to Underperform.

RBC Capital downgrades Best Buy (NYSE: BBY) from Top Pick to Outperform.

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

NEW COVERAGE:
Banc of America initiates coverage on Western Union (NYSE: WU) with a Buy rating.

Citi initiates coverage on Merck (NYSE: MRK) with a Buy. Price target $44.

Caris & Co initiates coverage on SanDisk (Nasdaq: SNDK) with an Above Average rating. Price target $20.50.

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


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Stocks Mentioned

BBY 44.92

-0.06 -0.13%
Volume: 7,181,975
Track BBY

C 19.07

+0.77 +4.21%
Volume: 83,995,101
Track C

GILD 47.85

-2.13 -4.26%
Volume: 12,800,590
Track GILD

MER 26.73

+0.52 +1.98%
Volume: 40,490,794
Track MER

MRK 34.30

+0.13 +0.38%
Volume: 15,356,359
Track MRK

SNDK 17.64

+4.18 +31.05%
Volume: 54,692,004
Track SNDK

SPWR 85.74

+0.53 +0.62%
Volume: 2,710,546
Track SPWR

UAUA 12.30

+0.38 +3.19%
Volume: 18,921,596
Track UAUA

VCLK 11.51

-0.83 -6.73%
Volume: 4,237,332
Track VCLK

WU 26.86

+0.53 +2.01%
Volume: 8,034,820
Track WU

XTO 48.60

+1.08 +2.27%
Volume: 13,733,705
Track XTO


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