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

+0.00 +0.00%
Volume: 5,757,714
Track BBY

C 18.96

+0.66 +3.61%
Volume: 59,756,581
Track C

GILD 48.15

-1.83 -3.66%
Volume: 8,997,917
Track GILD

MER 26.31

+0.10 +0.38%
Volume: 32,173,640
Track MER

MRK 34.09

-0.08 -0.23%
Volume: 11,169,820
Track MRK

SNDK 17.40

+3.94 +29.27%
Volume: 44,981,192
Track SNDK

SPWR 85.88

+0.67 +0.79%
Volume: 2,262,663
Track SPWR

UAUA 12.42

+0.50 +4.19%
Volume: 16,503,997
Track UAUA

VCLK 11.61

-0.73 -5.92%
Volume: 2,878,155
Track VCLK

WU 26.38

+0.05 +0.19%
Volume: 6,224,363
Track WU

XTO 48.14

+0.62 +1.30%
Volume: 10,821,777
Track XTO


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