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 45.00

-1.77 -3.78%
Volume: 5,113,072
Track BIIB

DO 28.76

-53.09 -64.86%
Volume: 441,258
Track DO

HAL 27.40

+6.70 +32.37%
Volume: 444,353
Track HAL

HXL 9.08

-0.52 -5.42%
Volume: 1,088,428
Track HXL

NVDA 10.90

-0.44 -3.88%
Volume: 13,809,139
Track NVDA

PCL 25.18

-5.18 -17.06%
Volume: 438,288
Track PCL

PHM 28.73

+19.77 +220.65%
Volume: 442,412
Track PHM

SLB 27.58

-26.70 -49.19%
Volume: 438,823
Track SLB

SSCC 0.03

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

WMT 26.33

-22.04 -45.57%
Volume: 440,934
Track WMT

WW 28.71

-8.87 -23.60%
Volume: 445,238
Track WW


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