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 29.95

+12.81 +74.74%
Volume: 440,094
Track CCE

DGX 27.52

-29.21 -51.49%
Volume: 443,508
Track DGX

DRIV 34.92

-1.35 -3.72%
Volume: 631,091
Track DRIV

GU 27.40

+25.20 +1,145.45%
Volume: 444,578
Track GU

INTU 27.85

-0.57 -2.01%
Volume: 2,465,484
Track INTU

JPM 32.27

-1.50 -4.44%
Volume: 38,352,125
Track JPM

NCC 1.81

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

NUE 28.74

-14.72 -33.87%
Volume: 439,623
Track NUE

QCOM 44.68

-0.48 -1.06%
Volume: 12,661,325
Track QCOM

RIG 27.47

-46.00 -62.61%
Volume: 443,162
Track RIG

SVA 3.95

-0.03 -0.75%
Volume: 491,075
Track SVA

WB 5.54

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


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