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 42.83

+0.00 +0.00%
Volume: 3,036,999
Track BBY

C 4.06

+0.00 +0.00%
Volume: 258,065,708
Track C

GILD 46.56

+0.00 +0.00%
Volume: 2,251,667
Track GILD

MER 11.64

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

MRK 36.29

+0.00 +0.00%
Volume: 8,971,830
Track MRK

SNDK 19.66

+0.00 +0.00%
Volume: 2,603,648
Track SNDK

SPWR 60.75

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

UAUA 7.25

+0.00 +0.00%
Volume: 3,669,523
Track UAUA

VCLK 9.65

+0.00 +0.00%
Volume: 422,028
Track VCLK

WU 18.50

+0.00 +0.00%
Volume: 2,664,262
Track WU

XTO 42.15

+0.00 +0.00%
Volume: 3,579,080
Track XTO


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