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 10.44

+0.12 +1.16%
Volume: 19,225,378
Track FITB

INTC 20.46

+0.59 +2.97%
Volume: 86,306,002
Track INTC

NFLX 56.23

-1.76 -3.04%
Volume: 1,657,329
Track NFLX

RRI 5.00

-0.03 -0.60%
Volume: 7,746,064
Track RRI

SNN 49.32

+0.51 +1.04%
Volume: 59,096
Track SNN

SOV 2.47

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

WAG 37.86

+0.06 +0.16%
Volume: 6,641,503
Track WAG

WFC 26.96

+0.47 +1.77%
Volume: 63,919,785
Track WFC

ZUMZ 11.90

+0.27 +2.32%
Volume: 235,864
Track ZUMZ


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