Notable Analyst Rating Changes 7/10: DELL, WFR, DRYS, DAN, NYX Upgraded; IBM, QGEN, TSON, FC Downgraded

July 10, 2009 9:55 AM EDT

StreetInsider.com Notable Analyst Rating Changes:

UPGRADES:
Goldman Sachs upgrades Dell (Nasdaq: DELL) from Neutral to Buy and added the stock to their Conviction Buy List.

Citi upgrades MEMC Electronic Materials (NYSE: WFR) from Hold to Buy. Click here for the full report.

Cantor Fitzgerald upgrades DryShips Inc (Nasdaq: DRYS) from Sell to Hold and reinstates a price target of $6. The firm said while they still have concerns, they believe that shares are fairly valued at current levels.

Barclays upgrades Dana (NYSE: DAN) from Equalweight to Overweight. Click here to see more color on the upgrade.

BMO Capital upgrades NYSE Euronext (NYSE: NYX) from Underperform to Market Perform. Price target $25.

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

DOWNGRADES:
Goldman Sachs downgrades IBM (NYSE: IBM) from Buy to Neutral.

UBS downgrades QIAGEN (Nasdaq: QGEN) from Buy to Neutral.

Cowen & Co downgrades TranS1 (Nasdaq: TSON) from Outperform to Neutral.

BWS Financial downgrades Franklin Covey (NYSE: FC) to Hold. Click here to see more color on the downgrade.

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

NEW COVERAGE:
Janney Montgomery Scott initiates coverage on Internet Capital Group (Nasdaq: ICGE) with a Buy. Click here for the full report.

Brean Murray initiates coverage on KongZhong (Nasdaq: KONG) with a Buy rating. Price target $12. Here is the full report.

Baird initiates coverage on ev3 Inc. (Nasdaq: EVVV) with an Outperform rating. Price target $14.

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


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Stocks Mentioned

DAN 7.52

+0.24 +3.30%
Volume: 82,124
Track DAN

DELL 14.16

+0.04 +0.28%
Volume: 1,438,313
Track DELL

DRYS 6.24

+0.12 +1.96%
Volume: 942,726
Track DRYS

EVVV 12.82

+0.12 +0.94%
Volume: 40,936
Track EVVV

FC 5.51

+0.12 +2.23%
Volume: 1,000
Track FC

IBM 127.90

+1.55 +1.23%
Volume: 444,067
Track IBM

ICGE 6.61

+0.18 +2.80%
Volume: 5,478
Track ICGE

KONG 13.00

+0.09 +0.70%
Volume: 42,990
Track KONG

NYX 25.35

+0.07 +0.28%
Volume: 59,591
Track NYX

QGEN 22.25

+0.15 +0.68%
Volume: 63,840
Track QGEN

TSON 3.49

+0.14 +4.18%
Volume: 466
Track TSON

WFR 12.13

+0.09 +0.75%
Volume: 275,233
Track WFR


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