Notable Analyst Rating Changes 9/30: WFC, INTC, SOV Upgraded; WAG, FITB, RRI Downgraded

September 30, 2008 9:50 AM EDT

UPGRADES:
Robert W. Baird upgrades Wells Fargo (NYSE: WFC) from Underperform to Neutral.

Piper Jaffray upgrades Intel Corporation (Nasdaq: INTC) from Neutral to Buy with a $22 price target.

Fox-Pitt upgrades Sovereign Bancorp (NYSE: SOV) from In-Line to Outperform.

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

DOWNGRADES:
UBS downgrades Walgreen (NYSE: WAG) from Buy to Neutral with a $34 price target.

Robert W. Baird downgrades Fifth Third (Nasdaq: FITB) from Outperform to Neutral.

Wachovia and Calyon Securities downgrade Reliant Energy (NYSE: RRI) to Market Perform and Neutral, respectively.

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

NEW COVERAGE:
Stifel Nicolaus initiates coverage on Netflix (Nasdaq: NFLX) with a Hold rating.

Morgan Stanley initiates coverage on Smith & Nephew (NYSE: SNN) with an Equalweight rating.

Roth Capital initiates coverage on Zumiez (Nasdaq: ZUMZ) with a Hold. Price target $15.

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


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Stocks Mentioned

FITB 13.50

+0.15 +1.12%
Volume: 8,532,927
Track FITB

INTC 26.70

+0.00 +0.00%
Volume: 24,722,736
Track INTC

NFLX 118.30

-5.63 -4.54%
Volume: 7,507,138
Track NFLX

RRI 3.62

+0.00 +0.00%
Volume: 1,606,901
Track RRI

SNN 50.21

+0.37 +0.74%
Volume: 32,906
Track SNN

SOV 2.47

+0.00 +0.00%
Volume: 191,139,056
Track SOV

WAG 34.79

+0.25 +0.72%
Volume: 10,034,420
Track WAG

WFC 30.62

+0.36 +1.19%
Volume: 21,961,538
Track WFC

ZUMZ 30.03

+0.65 +2.21%
Volume: 292,468
Track ZUMZ


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