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 32.39

-0.04 -0.12%
Volume: 4,317,471
Track ADM

BIIB 45.76

+1.37 +3.09%
Volume: 8,636,818
Track BIIB

CHA 45.29

+0.04 +0.09%
Volume: 120,426
Track CHA

CMCSA 14.59

+0.39 +2.75%
Volume: 28,267,243
Track CMCSA

EQ 42.06

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

GOOG 551.10

+2.45 +0.45%
Volume: 1,826,705
Track GOOG

NCC 1.81

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

NOK 13.21

+0.08 +0.61%
Volume: 21,648,116
Track NOK

PHM 9.65

-0.01 -0.10%
Volume: 10,430,489
Track PHM

STV 6.91

-0.09 -1.29%
Volume: 84,292
Track STV


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