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 44.94

+0.94 +2.14%
Volume: 3,733,130
Track AFL

AMGN 54.78

+0.68 +1.26%
Volume: 4,892,141
Track AMGN

DPS 27.30

-0.26 -0.94%
Volume: 2,199,409
Track DPS

ENER 10.60

-0.06 -0.56%
Volume: 1,346,156
Track ENER

PBR 50.91

-0.21 -0.41%
Volume: 11,755,080
Track PBR

SNDK 21.31

-0.01 -0.05%
Volume: 5,830,578
Track SNDK

V 80.82

-0.28 -0.35%
Volume: 3,664,084
Track V

VNDA 10.42

+0.17 +1.66%
Volume: 324,766
Track VNDA

ZRAN 9.75

-0.01 -0.10%
Volume: 613,672
Track ZRAN


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