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 8.35

-0.12 -1.42%
Volume: 766,094
Track ARM

FDP 22.45

-0.05 -0.22%
Volume: 354,883
Track FDP

INTC 19.72

+0.06 +0.31%
Volume: 35,749,354
Track INTC

JASO 4.25

+0.23 +5.72%
Volume: 12,609,695
Track JASO

K 53.00

+0.03 +0.06%
Volume: 2,166,059
Track K

LEH 0.13

+0.00 +0.00%
Volume: 0
Track LEH

NVDA 13.72

+0.40 +3.00%
Volume: 15,054,892
Track NVDA

Q 3.93

+0.08 +2.08%
Volume: 23,891,748
Track Q

WNR 5.00

+0.46 +10.13%
Volume: 6,373,662
Track WNR


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