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 9.42

-0.31 -3.19%
Volume: 21,639,905
Track FITB

INTC 19.50

+0.04 +0.21%
Volume: 59,509,626
Track INTC

NFLX 58.40

+1.20 +2.10%
Volume: 1,884,081
Track NFLX

RRI 5.19

+0.01 +0.19%
Volume: 4,335,719
Track RRI

SNN 47.06

+0.63 +1.36%
Volume: 87,096
Track SNN

SOV 2.47

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

WAG 39.60

-0.44 -1.10%
Volume: 8,904,055
Track WAG

WFC 28.10

-0.30 -1.06%
Volume: 35,212,735
Track WFC

ZUMZ 12.14

-0.11 -0.90%
Volume: 424,312
Track ZUMZ


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