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 47.84

+0.90 +1.92%
Volume: 2,296,616
Track BIIB

DO 101.74

+2.20 +2.21%
Volume: 1,688,623
Track DO

HAL 29.35

-0.01 -0.03%
Volume: 13,941,971
Track HAL

HXL 10.55

+0.00 +0.00%
Volume: 858,250
Track HXL

NVDA 13.32

+0.26 +1.99%
Volume: 11,548,711
Track NVDA

PCL 34.68

+0.19 +0.55%
Volume: 1,744,513
Track PCL

PHM 9.31

+0.17 +1.86%
Volume: 5,523,072
Track PHM

SLB 64.65

+0.76 +1.19%
Volume: 8,717,844
Track SLB

SSCC 0.03

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

WMT 54.75

+0.20 +0.37%
Volume: 12,012,176
Track WMT

WW 41.52

+0.18 +0.44%
Volume: 243,578
Track WW


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