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 42.25

+0.01 +0.02%
Volume: 4,562,089
Track BBY

C 4.16

-0.02 -0.48%
Volume: 316,111,644
Track C

GILD 47.14

+0.33 +0.70%
Volume: 6,043,324
Track GILD

MER 11.64

+0.00 +0.00%
Volume: 49,928,111
Track MER

MRK 33.25

-0.36 -1.07%
Volume: 16,920,346
Track MRK

SNDK 21.31

-0.01 -0.05%
Volume: 5,808,622
Track SNDK

SPWR 60.75

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

UAUA 7.30

+0.60 +8.96%
Volume: 12,165,900
Track UAUA

VCLK 10.51

+0.16 +1.55%
Volume: 530,190
Track VCLK

WU 19.58

-0.06 -0.31%
Volume: 3,231,714
Track WU

XTO 44.20

-0.42 -0.94%
Volume: 5,599,768
Track XTO


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