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