Notable Analyst Rating Changes 7/7: SU, JNPR, ENER Upgraded; MRK, TWX, DIS Downgraded

July 7, 2008 9:42 AM EDT

StreetInsider.com Notable Analyst Rating Changes:

UPGRADES:
FBR and JPMorgan upgrade Suncor (SU) to Outperform and Overweight, respectively.

Piper Jaffray upgrades Juniper Networks, Inc. (Nasdaq: JNPR) from Neutral to Buy with a $27 price target. The firm also added the stock to their Alpha List. The firm cited upcoming product cycle and valuation.

Broadpoint upgrades Energy Conversion Devices (Nasdaq: ENER) from Neutral to Buy.

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

DOWNGRADES:
UBS downgrades Merck (NYSE: MRK) from Buy to Neutral and cuts its price target from $43 to $40.

Lehman Brothers downgrades Time Warner Inc. (NYSE: TWX) from Overweight to Equal Weight.

Lehman Brothers downgrades Walt Disney (NYSE: DIS) from Equal Weight to Underweight.

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

NEW COVERAGE:
Goldman Sachs initiates coverage on Petroleo Brasileiro (NYSE: PBR) with a Buy rating.

Deutsche Bank re-initiates coverage on Vodafone Group (NYSE: VOD) with a Buy rating.

Oppenheimer and Deutsche Bank start Success Factors (SF) at Outperform and Buy, respectively.

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


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Stocks Mentioned

DIS 41.53

+0.00 +0.00%
Volume: 5,800
Track DIS

ENER 1.22

+0.00 +0.00%
Volume: 13,597
Track ENER

JNPR 23.18

+0.00 +0.00%
Volume: 7,800
Track JNPR

MRK 38.15

+0.00 +0.00%
Volume: 2,060
Track MRK

PBR 31.99

+0.00 +0.00%
Volume: 137,945
Track PBR

TWX 37.71

+0.00 +0.00%
Volume: 8,523,917
Track TWX

VOD 27.77

+0.00 +0.00%
Volume: 41,463
Track VOD


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