Notable Analyst Rating Changes 11/03: WMT, BIIB, NVDA, SLB Upgraded; SSCC, DO, HAL, PHM Downgraded

November 3, 2008 9:53 AM EST

UPGRADES:
JP Morgan upgrades Wal-Mart (NYSE: WMT) from Neutral to Overweight, citing valuation. The firm also said the company's image is turning more favorable.

Deutsche Bank and Baird upgrade Biogen (Nasdaq: BIIB) to Buy and Outperform, respectively.

Citi upgrades NVIDIA Corp (Nasdaq: NVDA) from Hold to Buy. Price target $13.

Goldman Sachs upgrades Schlumberger Limited (NYSE: SLB) from Neutral to Buy and added the stock to its Conviction Buy List. The firm cut its price target form $70 to $59.

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

DOWNGRADES:
Goldman Sachs downgrades Smurfit-Stone Container Corp. (Nasdaq: SSCC) from Neutral to Sell.

Goldman Sachs downgrades Diamond Offshore (NYSE: DO) from Buy to Neutral.

Goldman Sachs downgrades Halliburton Company (NYSE: HAL) from Buy to Neutral, citing product risks and valuation.

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

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

NEW COVERAGE:
Deutsche Bank initiates coverage on Watson Wyatt (NYSE: WW) with a Hold. Price target $45.

KeyBanc initiates coverage on Hexcel Corporation (NYSE: HXL) with a Buy. Price target $20.

Goldman Sachs restarts coverage on Plum Creek Timber Co. Inc. (NYSE: PCL) with a Neutral rating.

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


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Stocks Mentioned

BIIB 46.43

+0.92 +2.02%
Volume: 3,892,279
Track BIIB

DO 101.38

+0.86 +0.86%
Volume: 1,546,961
Track DO

HAL 31.42

-0.05 -0.16%
Volume: 10,842,942
Track HAL

HXL 11.51

+0.12 +1.05%
Volume: 442,687
Track HXL

NVDA 13.50

+0.37 +2.82%
Volume: 21,782,413
Track NVDA

PCL 34.16

+0.27 +0.80%
Volume: 1,600,632
Track PCL

PHM 10.23

+0.77 +8.14%
Volume: 14,431,593
Track PHM

SLB 66.14

+0.76 +1.16%
Volume: 6,892,357
Track SLB

SSCC 0.03

+0.00 +0.00%
Volume: 25,219,596
Track SSCC

WMT 52.97

+0.66 +1.26%
Volume: 23,245,243
Track WMT

WW 43.69

-0.88 -1.97%
Volume: 404,575
Track WW


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