Notable Analyst Rating Changes 7/9: GU, WB, RIG, NUE Upgraded; NCC, CCE, DRIV, INTU Downgraded
StreetInsider.com Notable Analyst Rating Changes:
UPGRADES:
Piper Jaffray upgrades Gushan Environmental Energy (NYSE: GU) from Neutral to Buy with a $15 price target. Piper also added the stock to its Alpha List.
Merrill Lynch upgrades Wachovia (NYSE: WB) from Underperform to Neutral, saying the credit headwinds are priced in and the company could be a 'good fit' for JPMorgan (NYSE: JPM). The firm sees a realistic acquisition value for Wachovia between $16-$20 per share.
JP Morgan upgrades Transocean (NYSE: RIG) from Neutral to Overweight.
UBS upgrades Nucor (NYSE: NUE) from Neutral to Buy.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES:
Merrill Lynch downgrades National City (NYSE: NCC) from Neutral to Underperform.
Stifel Nicolaus downgrades Coca-Cola Enterprises (NYSE: CCE) from Buy to Hold.
Goldman Sachs downgrades Digital River (Nasdaq: DRIV) from Neutral to Sell.
Goldman Sachs downgrades Intuit (Nasdaq: INTU) from Neutral to Sell and added the stock to their Conviction Sell List.
For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades
NEW COVERAGE:
Citi initiates coverage on Qualcomm Inc (Nasdaq: QCOM) with a Buy. Price target $61.
Brean Murray initiates coveage on Sinovac Biotech Ltd. (AMEX: SVA) with a Buy rating and $5 price target.
Leerink Swann initiates coverage on Quest Diagnostics (NYSE: DGX) with a Market Perform rating.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
Related Categories
Special ReportsStocks Mentioned
Related Entities
- Goldman Sachs Conviction Sell List
- Piper Jaffray
- Stifel Nicolaus
- Brean Murray Carret & Co.
- UBS
- Piper Jaffray Alpha List
- JPMorgan
- Goldman Sachs
- Citi
- Merrill Lynch
- Wachovia
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