Notable Analyst Rating Changes 7/9: GU, WB, RIG, NUE Upgraded; NCC, CCE, DRIV, INTU Downgraded

July 9, 2008 10:00 AM EDT

StreetInsider.com Notable Analyst Rating Changes:

UPGRADES:
Piper Jaffray upgrades Gushan Environmental Energy (NYSE: GU) from Neutral to Buy with a $15 price target. Piper also added the stock to its Alpha List.

Merrill Lynch upgrades Wachovia (NYSE: WB) from Underperform to Neutral, saying the credit headwinds are priced in and the company could be a 'good fit' for JPMorgan (NYSE: JPM). The firm sees a realistic acquisition value for Wachovia between $16-$20 per share.

JP Morgan upgrades Transocean (NYSE: RIG) from Neutral to Overweight.

UBS upgrades Nucor (NYSE: NUE) from Neutral to Buy.

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

DOWNGRADES:
Merrill Lynch downgrades National City (NYSE: NCC) from Neutral to Underperform.

Stifel Nicolaus downgrades Coca-Cola Enterprises (NYSE: CCE) from Buy to Hold.

Goldman Sachs downgrades Digital River (Nasdaq: DRIV) from Neutral to Sell.

Goldman Sachs downgrades Intuit (Nasdaq: INTU) from Neutral to Sell and added the stock to their Conviction Sell List.

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

NEW COVERAGE:
Citi initiates coverage on Qualcomm Inc (Nasdaq: QCOM) with a Buy. Price target $61.

Brean Murray initiates coveage on Sinovac Biotech Ltd. (AMEX: SVA) with a Buy rating and $5 price target.

Leerink Swann initiates coverage on Quest Diagnostics (NYSE: DGX) with a Market Perform rating.

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


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Stocks Mentioned

CCE 15.08

+0.00 +0.00%
Volume: 4,894,803
Track CCE

DGX 47.38

+0.00 +0.00%
Volume: 2,427,858
Track DGX

DRIV 29.28

+0.00 +0.00%
Volume: 952,605
Track DRIV

GU 3.48

+0.00 +0.00%
Volume: 1,499,705
Track GU

INTU 26.87

+0.00 +0.00%
Volume: 7,619,215
Track INTU

JPM 44.00

+0.00 +0.00%
Volume: 63,084,020
Track JPM

NCC 2.56

+0.00 +0.00%
Volume: 139,059,502
Track NCC

NUE 33.74

+0.00 +0.00%
Volume: 13,947,664
Track NUE

QCOM 40.23

+0.00 +0.00%
Volume: 34,690,162
Track QCOM

RIG 88.38

+0.00 +0.00%
Volume: 16,729,635
Track RIG

SVA 2.00

+0.00 +0.00%
Volume: 324,197
Track SVA

WB 5.78

+0.00 +0.00%
Volume: 110,954,003
Track WB


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