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 20.22

+0.19 +0.95%
Volume: 2,614,886
Track CCE

DGX 58.04

-0.50 -0.85%
Volume: 869,345
Track DGX

DRIV 25.81

-0.04 -0.15%
Volume: 721,172
Track DRIV

GU 1.42

-0.07 -4.70%
Volume: 388,329
Track GU

INTU 29.98

-0.13 -0.43%
Volume: 3,995,926
Track INTU

JPM 44.09

-0.08 -0.18%
Volume: 25,983,169
Track JPM

NCC 1.81

+0.00 +0.00%
Volume: 106,343,355
Track NCC

NUE 41.75

+1.00 +2.45%
Volume: 4,066,296
Track NUE

QCOM 44.54

+0.19 +0.43%
Volume: 12,547,113
Track QCOM

RIG 90.07

+1.57 +1.77%
Volume: 3,209,815
Track RIG

SVA 8.78

+0.29 +3.42%
Volume: 2,540,217
Track SVA

WB 5.54

+0.00 +0.00%
Volume: 79,673,174
Track WB


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