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Notable Analyst Rating Changes 08/09: (WFC) (S) (MRK) Upgraded; (ENOC) (STXS) (LLNW) Downgraded

August 9, 2011 11:00 AM EDT
UPGRADES
FBR Capital ups Wells Fargo (NYSE: WFC) from Market Perform to Outperform, maintaining a price target of $31.00.

BTIG lifts Sprint (NYSE: S) from Sell to Neutral. Click Here for more color.

Jefferies raises Merck (NYSE: MRK) from Hold to Buy, cutting its price target from $39 to $37. Click Here for more color.

Rackspace (NYSE: RAX) upgraded by two today:
  • Piper Jaffray from Neutral to Overweight, reaffirming its price target of $43.00. Click Here for more color; and

  • RBC Capital from Sector Perform to Outperform, reiterating its $46 price target.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades

DOWNGRADES
EnerNOC (Nasdaq: ENOC) lowered by several firms today:
  • Brean Murray Carret & Co. from Buy to Hold, suspends $23 price target. Click Here for more color;

  • KeyBanc from Buy to Hold. Click Here for more color;

  • ThinkEquity from Buy to Hold, cutting its price target from $23 to $12;

  • JPMorgan from Overweight to Neutral, reducing its price target from $27 to $22.50; and

  • Ardour Capital to Hold with a price target of $14.00. Click Here for more color.
Stereotaxis (Nasdaq: STXS) lowered by two today:
  • ThinkEquity from Buy to Hold, its price target cut from $6 to $2;

  • Oppenheimer from Outperform to Perform.
SunTrust Robinson Humphrey cuts Limelight Networks, Inc. (Nasdaq: LLNW) from Buy to Neutral.

Goldman Sachs downgraded United Technologies (NYSE: UTX) from Buy to Neutral, lowering its price target from $102 to $86.

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

NEW COVERAGE
Macquarie initiates Emerson (NYSE: EMR) with an Outperform, and price target of $56.00.

Brean Murray Carret & Co. starts Gilead Sciences (Nasdaq: GILD) with a Buy. Click Here for more color.

Macquarie begins Tyco Electronics (NYSE: TEL) with an Outperform, and $44.00 price target.

Gleacher & Co. initiates shares of Freescale Semiconductor (NYSE: FSL) with a Buy rating and $18 price target.

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

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Piper Jaffray, Brean Murray Carret & Co., JPMorgan, KeyBanc, Jefferies & Co, ThinkEquity, RBC Capital, SunTrust Robinson Humphrey, Notable Analyst Rating Changes, Wells Fargo