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 46.40

+0.37 +0.80%
Volume: 4,842,609
Track AFL

AMGN 57.08

+0.73 +1.30%
Volume: 4,941,541
Track AMGN

DPS 26.50

+0.31 +1.18%
Volume: 1,583,305
Track DPS

ENER 10.47

+0.55 +5.54%
Volume: 3,566,253
Track ENER

PBR 52.86

+1.58 +3.08%
Volume: 11,671,677
Track PBR

SNDK 20.86

+1.14 +5.78%
Volume: 8,863,465
Track SNDK

V 82.97

+1.97 +2.43%
Volume: 6,102,903
Track V

VNDA 10.95

+0.39 +3.69%
Volume: 931,854
Track VNDA

ZRAN 9.78

+0.64 +7.00%
Volume: 1,122,937
Track ZRAN


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