Notable Analyst Rating Changes 8/15: SPWR, PCLN, ADSK Upgraded; JNJ, JWN, DNA Downgraded

August 15, 2008 10:22 AM EDT

StreetInsider.com Notable Analyst Rating Changes:

UPGRADES:
Merrill Lynch upgrades SunPower (Nasdaq: SPWR) from Neutral to Buy, citing valuation and landmark deal with PG&E.

Citi upgrades Priceline.com Inc (Nasdaq: PCLN) from Hold to Buy.

Needham & Co. upgrades Autodesk (Nasdaq: ADSK) from Hold to Buy with a $45 price target.

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

DOWNGRADES:
UBS downgrades Johnson & Johnson (NYSE: JNJ) from Buy to Neutral, citing generic drop competition for Risperdal and Topamax. The firm raised its price target from $73 to $77.

Merrill Lynch downgrades Nordstrom (NYSE: JWN) from Buy to Neutral with a $31 price target, citing eroding margins.

Citi downgrades Genentech (NYSE: DNA) from Buy to Hold.

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

NEW COVERAGE:
Raymond James reinstates coverage on Research In Motion Ltd. (Nasdaq: RIMM) with a Market Perform rating and $140 price target.

Needham & Co. initiates coverage on Under Armour (NYSE: UA) with a Hold rating.

Goldman Sachs resumes coverage on NRG Energy (NYSE: NRG) with a Buy rating and $48 price target.

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


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Stocks Mentioned

ADSK 18.11

-0.55 -2.95%
Volume: 4,578,238
Track ADSK

DNA 94.81

+0.00 +0.00%
Volume: 6,877,884
Track DNA

JNJ 55.98

-1.09 -1.91%
Volume: 15,119,928
Track JNJ

JWN 18.63

-1.43 -7.13%
Volume: 3,590,123
Track JWN

NRG 25.00

-1.05 -4.03%
Volume: 451,619
Track NRG

PCLN 110.07

-2.55 -2.26%
Volume: 558,537
Track PCLN

RIMM 69.71

-0.25 -0.36%
Volume: 12,766,578
Track RIMM

SPWR 60.75

+0.00 +0.00%
Volume: 3,741,039
Track SPWR

UA 26.34

+3.34 +14.52%
Volume: 450,729
Track UA


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