Notable Analyst Rating Changes 6/10: ARM, FDP, K Upgraded; LEH, Q, NVDA Downgraded

June 10, 2008 9:57 AM EDT

StreetInsider.com Notable Analyst Rating Changes:

UPGRADES:
Goldman Sachs upgrades ArvinMeritor (NYSE: ARM) from Neutral to Buy, Adds the stock to their Conviction Buy List.

Wachovia upgrades Fresh Del Monte Produce (NYSE: FDP) from Market Perform to Outperform with a $36 to $38 valuation range.

J.P. Morgan upgrades Kellogg (NYSE: K) from Neutral to Overweight.

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

DOWNGRADES:
Wachovia and Credit Suisse downgrade Lehman Brothers (NYSE: LEH) to Market Perform and Neutral, respectively.

Raymond James downgrades Qwest (NYSE: Q) to Underperform.

FTN Midwest downgrades NVIDIA (Nasdaq: NVDA) from Neutral to Sell with a $19 price target.

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

NEW COVERAGE:
Broadpoint initiates coverage on JA Solar (Nasdaq: JASO) with a Buy rating.

ThinkPanmure initiates coverage on Intel (Nasdaq: INTC) with a Buy rating and $29 price target, saying the company is gaining prominence in the server, desktop and notebook markets at the expense of AMD.

Soleil Securities initiates coverage on Western Refining (NYSE: WNR) with a Sell rating and an $8 price target.

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


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Stocks Mentioned

ARM 28.66

+24.33 +561.89%
Volume: 441,383
Track ARM

FDP 26.24

+9.32 +55.08%
Volume: 428,762
Track FDP

INTC 16.72

-0.32 -1.88%
Volume: 54,945,439
Track INTC

JASO 4.37

-0.19 -4.17%
Volume: 3,357,943
Track JASO

K 46.82

-0.73 -1.54%
Volume: 2,148,001
Track K

LEH 0.13

+0.00 +0.00%
Volume: 0
Track LEH

NVDA 10.90

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

Q 25.18

+21.18 +529.50%
Volume: 441,721
Track Q

WNR 28.74

+21.55 +299.72%
Volume: 444,302
Track WNR


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