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 27.46

-3.81 -12.18%
Volume: 433,646
Track AFL

AMGN 51.47

-1.29 -2.45%
Volume: 7,573,563
Track AMGN

DPS 25.10

+3.02 +13.68%
Volume: 439,448
Track DPS

ENER 15.06

+0.74 +5.17%
Volume: 3,746,628
Track ENER

PBR 25.10

-15.38 -37.99%
Volume: 444,768
Track PBR

SNDK 14.19

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

V 27.40

-33.40 -54.93%
Volume: 443,423
Track V

VNDA 11.88

-0.14 -1.16%
Volume: 476,774
Track VNDA

ZRAN 11.31

-0.11 -0.96%
Volume: 725,660
Track ZRAN


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