Notable Analyst Rating Changes 6/10: ARM, FDP, K Upgraded; LEH, Q, NVDA Downgraded

June 10, 2008 9:57 AM EDT

StreetInsider.com Notable Analyst Rating Changes:

UPGRADES:
Goldman Sachs upgrades ArvinMeritor (NYSE: ARM) from Neutral to Buy, Adds the stock to their Conviction Buy List.

Wachovia upgrades Fresh Del Monte Produce (NYSE: FDP) from Market Perform to Outperform with a $36 to $38 valuation range.

J.P. Morgan upgrades Kellogg (NYSE: K) from Neutral to Overweight.

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

DOWNGRADES:
Wachovia and Credit Suisse downgrade Lehman Brothers (NYSE: LEH) to Market Perform and Neutral, respectively.

Raymond James downgrades Qwest (NYSE: Q) to Underperform.

FTN Midwest downgrades NVIDIA (Nasdaq: NVDA) from Neutral to Sell with a $19 price target.

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

NEW COVERAGE:
Broadpoint initiates coverage on JA Solar (Nasdaq: JASO) with a Buy rating.

ThinkPanmure initiates coverage on Intel (Nasdaq: INTC) with a Buy rating and $29 price target, saying the company is gaining prominence in the server, desktop and notebook markets at the expense of AMD.

Soleil Securities initiates coverage on Western Refining (NYSE: WNR) with a Sell rating and an $8 price target.

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


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Stocks Mentioned

ARM 15.13

+0.17 +1.14%
Volume: 814,820
Track ARM

FDP 23.02

+0.02 +0.09%
Volume: 354,969
Track FDP

INTC 23.05

-0.34 -1.45%
Volume: 54,919,554
Track INTC

JASO 17.84

-0.12 -0.67%
Volume: 4,127,965
Track JASO

K 54.18

-0.24 -0.44%
Volume: 776,215
Track K

LEH 13.72

-0.01 -0.07%
Volume: 72,464,022
Track LEH

NVDA 13.62

-0.46 -3.27%
Volume: 25,318,538
Track NVDA

Q 3.68

+0.00 +0.00%
Volume: 17,729,257
Track Q

WNR 8.23

-0.47 -5.40%
Volume: 837,585
Track WNR


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