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 15.79

+0.03 +0.19%
Volume: 1,736,332
Track DAN

DELL 17.65

-0.01 -0.06%
Volume: 14,870,199
Track DELL

DRYS 2.81

+0.40 +16.60%
Volume: 27,798,568
Track DRYS

EVVV 22.56

+0.00 +0.00%
Volume: 297,893
Track EVVV

FC 9.64

-0.26 -2.63%
Volume: 12,407
Track FC

IBM 192.82

-0.82 -0.42%
Volume: 3,639,707
Track IBM

ICGE 9.89

-0.17 -1.69%
Volume: 60,802
Track ICGE

KONG 4.22

+0.12 +2.93%
Volume: 51,325
Track KONG

NYX 27.72

+0.23 +0.84%
Volume: 4,656,617
Track NYX

QGEN 15.86

-0.05 -0.31%
Volume: 783,914
Track QGEN

TSON 2.60

-0.11 -4.06%
Volume: 62,238
Track TSON

WFR 5.27

+0.08 +1.54%
Volume: 8,241,379
Track WFR


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