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 27.44

-6.56 -19.29%
Volume: 433,614
Track BBY

C 26.20

+23.23 +782.15%
Volume: 448,666
Track C

GILD 45.90

-0.93 -1.99%
Volume: 6,900,563
Track GILD

MER 11.64

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

MRK 26.28

-1.77 -6.31%
Volume: 447,665
Track MRK

SNDK 14.19

-0.68 -4.57%
Volume: 3,402,117
Track SNDK

SPWR 60.75

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

UAUA 3.31

+0.02 +0.61%
Volume: 5,053,672
Track UAUA

VCLK 9.97

-0.80 -7.43%
Volume: 1,656,085
Track VCLK

WU 27.54

+10.90 +65.50%
Volume: 440,514
Track WU

XTO 25.08

-12.25 -32.82%
Volume: 443,890
Track XTO


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