Notable Analyst Rating Changes 7/9: GU, WB, RIG, NUE Upgraded; NCC, CCE, DRIV, INTU Downgraded

July 9, 2008 10:00 AM EDT

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


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Stocks Mentioned

CCE 17.07

-0.18 -1.04%
Volume: 1,726,600
Track CCE

DGX 54.05

-0.28 -0.52%
Volume: 651,365
Track DGX

DRIV 43.75

-1.10 -2.45%
Volume: 474,800
Track DRIV

GU 10.29

-0.09 -0.87%
Volume: 299,630
Track GU

INTU 30.07

-0.89 -2.87%
Volume: 3,361,555
Track INTU

JPM 38.49

-0.39 -1.00%
Volume: 23,328,036
Track JPM

NCC 5.04

+0.06 +1.20%
Volume: 12,489,507
Track NCC

NUE 52.50

-0.31 -0.59%
Volume: 2,652,157
Track NUE

QCOM 52.65

-1.32 -2.45%
Volume: 14,512,255
Track QCOM

RIG 127.20

-2.31 -1.78%
Volume: 3,669,912
Track RIG

SVA 3.32

-0.01 -0.30%
Volume: 61,331
Track SVA

WB 15.89

-0.10 -0.63%
Volume: 35,224,949
Track WB


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