Notable Analyst Rating Changes 7/29: AMGN, AFL, DPS Upgraded; VNDA, ZRAN, SNDK Downgraded

July 29, 2008 10:17 AM EDT

StreetInsider.com Notable Analyst Rating Changes:

UPGRADES:
Citi and Merrill Lynch upgrade Amgen (Nasdaq: AMGN) to Buy.

Citi upgrades Aflac (NYSE: AFL) from Hold to Buy. Price target $68.

UBS upgrades Dr Pepper Snapple Group (NYSE: DPS) from Neutral to Buy.

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

DOWNGRADES:
JP Morgan and Banc of America downgrade Vanda Pharmaceuticals (Nasdaq: VNDA) to Neutral.

JP Morgan, Needham and Lazard downgrade Zoran (Nasdaq: ZRAN) to Neutral, Buy, and Hold, respectively.

Caris & Co downgrades SanDisk (Nasdaq: SNDK) from Above Average to Below Average. Price target dropped to $11.

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

NEW COVERAGE:
KeyBanc initiates coverage on Visa (NYSE: V) with a Buy rating and a $94 price target.

HSBC initiates coverage on Petroleo Brasileiro SA (NYSE: PBR) with an Overweight rating.

Credit Suisse initiates coverage on Energy Conversion Devices (Nasdaq: ENER) with an Outperform rating.

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


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Stocks Mentioned

AFL 48.91

+0.58 +1.20%
Volume: 2,975,916
Track AFL

AMGN 68.20

+0.84 +1.25%
Volume: 4,403,934
Track AMGN

DPS 38.64

+0.13 +0.34%
Volume: 1,439,853
Track DPS

ENER 1.46

+0.11 +8.15%
Volume: 5,102,602
Track ENER

PBR 30.14

+0.57 +1.93%
Volume: 20,767,896
Track PBR

SNDK 46.63

+0.19 +0.41%
Volume: 4,187,038
Track SNDK

V 112.71

-1.19 -1.04%
Volume: 5,519,971
Track V

VNDA 5.11

+0.02 +0.39%
Volume: 91,140
Track VNDA

ZRAN 8.17

+0.00 +0.00%
Volume: 42,125
Track ZRAN


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