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 32.61

+0.15 +0.46%
Volume: 6,204,562
Track ADM

BIIB 45.51

+0.10 +0.22%
Volume: 4,664,603
Track BIIB

CHA 45.88

-0.57 -1.23%
Volume: 218,035
Track CHA

CMCSA 14.85

-0.30 -1.98%
Volume: 23,029,656
Track CMCSA

EQ 42.06

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

GOOG 566.76

+4.25 +0.76%
Volume: 2,230,961
Track GOOG

NCC 1.81

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

NOK 13.45

-0.12 -0.88%
Volume: 26,695,021
Track NOK

PHM 9.46

-0.34 -3.47%
Volume: 8,679,059
Track PHM

STV 7.05

+0.00 +0.00%
Volume: 257,500
Track STV


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