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 24.83

+0.92 +3.85%
Volume: 6,263,392
Track ADSK

DNA 94.81

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

JNJ 64.27

+0.11 +0.17%
Volume: 10,156,671
Track JNJ

JWN 35.03

+0.06 +0.17%
Volume: 2,921,093
Track JWN

NRG 23.98

-0.13 -0.54%
Volume: 2,424,615
Track NRG

PCLN 218.41

-1.60 -0.73%
Volume: 1,142,980
Track PCLN

RIMM 58.43

+0.01 +0.02%
Volume: 10,367,909
Track RIMM

SPWR 60.75

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

UA 26.92

+0.99 +3.82%
Volume: 576,089
Track UA


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