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 44.98

-1.02 -2.22%
Volume: 7,663,885
Track BBY

C 18.30

-1.31 -6.68%
Volume: 80,611,433
Track C

GILD 49.98

-1.40 -2.72%
Volume: 8,461,388
Track GILD

MER 26.21

-2.12 -7.48%
Volume: 30,575,111
Track MER

MRK 34.17

-0.50 -1.44%
Volume: 13,805,642
Track MRK

SNDK 13.46

-0.67 -4.74%
Volume: 8,007,379
Track SNDK

SPWR 85.21

+0.40 +0.47%
Volume: 2,949,825
Track SPWR

UAUA 11.92

-0.64 -5.10%
Volume: 21,422,525
Track UAUA

VCLK 12.34

-0.71 -5.44%
Volume: 1,826,844
Track VCLK

WU 26.33

-1.33 -4.81%
Volume: 9,913,266
Track WU

XTO 47.52

+0.34 +0.72%
Volume: 14,981,691
Track XTO


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