Notable Analyst Rating Changes 7/11: SPWR, APC, NDAQ Upgraded; ELN, TEVA, WB Downgraded

July 11, 2008 9:53 AM EDT

StreetInsider.com Notable Analyst Rating Changes:

UPGRADES:
Merrill Lynch upgrades SunPower (Nasdaq: SPWR) from Underperform to Neutral.

Wachovia upgrades Anadarko Petroleum (NYSE: APC) from Market Perform to Outperform with an $85 to $95 valuation range, a 35% upside from current levels.

Raymond James upgrades Nasdaq (Nasdaq: NDAQ) from Market Perform to Outperform.

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

DOWNGRADES:
Piper Jaffray downgrades Elan (NYSE: ELN) from Neutral to Sell with a $25 price target.

FTN Midwest downgrades Teva Pharmaceutical (Nasdaq: TEVA) from Buy to Neutral.

Fox-Pitt downgrades Wachovia (NYSE: WB) from Outperform to In-Line.

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

NEW COVERAGE:
Deutsche Bank initiates coverage on Google (Nasdaq: GOOG) with a Buy rating and $635 price target.

Jefferies & Co initiates coverage on Walgreen (NYSE: WAG) with a Hold. Price target $35.

Brean Murray initiates coverage of Elan Corporation plc (NYSE: ELN) with a Sell rating and $18 target price.

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


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Stocks Mentioned

APC 27.50

-2.91 -9.57%
Volume: 21,115,685
Track APC

ELN 7.97

-0.67 -7.75%
Volume: 7,226,980
Track ELN

GOOG 332.00

+3.02 +0.92%
Volume: 10,600,407
Track GOOG

NDAQ 25.87

+1.12 +4.53%
Volume: 4,825,738
Track NDAQ

SPWR 60.75

+0.00 +0.00%
Volume: 3,741,039
Track SPWR

TEVA 38.49

-1.69 -4.21%
Volume: 16,643,993
Track TEVA

WAG 23.22

-2.06 -8.15%
Volume: 28,559,084
Track WAG

WB 5.15

+1.55 +43.06%
Volume: 156,725,975
Track WB


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