Notable Analyst Rating Changes 10/28: CHA, BIIB, PHM Upgraded; NOK, NCC, STV, EQ Downgraded

October 28, 2008 9:57 AM EDT

UPGRADES:
UBS upgrades China Telecom (NYSE: CHA) from Neutral to Buy.

Cowen & Co upgrades Biogen Idec (Nasdaq: BIIB) to Outperform, calling the stock the Best Value in Biotech.

Citi upgrades Pulte Homes (NYSE: PHM) from Hold to Buy. Price target lowered from $16 to $11.

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

DOWNGRADES:
Goldman Sachs downgrades Nokia Corp. (NYSE: NOK) from Neutral to Sell and cuts its price target from $17 to $13.

Keefe, Bruyette and Woods downgrades National City (NYSE: NCC) from Outperform to Market Perform. Price target $2.30.

Susquehanna downgrades China Digital TV Holding Co., Ltd. (NYSE: STV) to Neutral.

UBS downgrades Embarq (NYSE: EQ) from Buy to Neutral.

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

NEW COVERAGE:
Credit Suisse initiates coverage on Comcasct (Nasdaq: CMCSA) with an Outperform. Price target $16.

Soleil Securities initiates coverage on Archer Daniels Midland (NYSE: ADM) with a Buy rating and $25 price target.

Credit Suisse initiates coverage on Google (Nasdaq: GOOG) with an Outperform rating.

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


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Stocks Mentioned

ADM 31.85

+0.23 +0.73%
Volume: 4,501,671
Track ADM

BIIB 46.79

+0.41 +0.88%
Volume: 2,426,728
Track BIIB

CHA 44.98

-0.21 -0.46%
Volume: 231,218
Track CHA

CMCSA 15.09

+0.08 +0.53%
Volume: 37,073,409
Track CMCSA

EQ 42.06

+0.00 +0.00%
Volume: 3,905,280
Track EQ

GOOG 582.35

+12.39 +2.17%
Volume: 2,537,941
Track GOOG

NCC 1.81

+0.00 +0.00%
Volume: 106,343,355
Track NCC

NOK 13.43

+0.10 +0.75%
Volume: 10,733,586
Track NOK

PHM 9.56

+0.10 +1.06%
Volume: 6,535,940
Track PHM

STV 6.05

-0.08 -1.31%
Volume: 213,954
Track STV


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