Notable Analyst Rating Changes 7/18: C, SPWR, XTO, UAUA Upgraded; VCLK, GILD, MER, BBY Downgraded

July 18, 2008 9:45 AM EDT

StreetInsider.com Notable Analyst Rating Changes:

UPGRADES:
Deutache Bank upgrades Citigroup (NYSE: C) from Sell to Neutral and raises their price target from $14 to $20.

Broadpoint Capital upgrades SunPower (Nasdaq: SPWR) from Neutral to Buy.

Stifel Nicolaus upgrades XTO Energy (NYSE: XTO) from Hold to Buy.

JP Morgan upgrades UAL (Nasdaq: UAUA) from Underweight to Overweight.

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

DOWNGRADES:
Citi and Stanford Group downgrade ValueClick (Nasdaq: VCLK) to Hold.

BMO Capital downgrades Gilead Sciences (Nasdaq: GILD) from Outperform to Market Perform.

Fox-Pitt downgrades Merrill Lynch (NYSE: MER) from In Line to Underperform.

RBC Capital downgrades Best Buy (NYSE: BBY) from Top Pick to Outperform.

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

NEW COVERAGE:
Banc of America initiates coverage on Western Union (NYSE: WU) with a Buy rating.

Citi initiates coverage on Merck (NYSE: MRK) with a Buy. Price target $44.

Caris & Co initiates coverage on SanDisk (Nasdaq: SNDK) with an Above Average rating. Price target $20.50.

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


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Stocks Mentioned

BBY 44.33

+0.08 +0.18%
Volume: 3,578,809
Track BBY

C 17.52

+0.03 +0.17%
Volume: 51,964,673
Track C

GILD 54.04

-0.58 -1.06%
Volume: 5,342,629
Track GILD

MER 24.46

+0.05 +0.20%
Volume: 20,985,735
Track MER

MRK 34.71

-0.23 -0.66%
Volume: 9,701,189
Track MRK

SNDK 14.62

-0.22 -1.48%
Volume: 5,119,522
Track SNDK

SPWR 95.33

+3.76 +4.11%
Volume: 2,655,990
Track SPWR

UAUA 11.30

-1.10 -8.87%
Volume: 33,043,704
Track UAUA

VCLK 13.00

+0.00 +0.00%
Volume: 1,121,023
Track VCLK

WU 28.01

-0.09 -0.32%
Volume: 2,990,669
Track WU

XTO 51.03

+0.75 +1.49%
Volume: 11,270,574
Track XTO


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