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 6.88

-0.28 -3.91%
Volume: 13,172,849
Track FITB

INTC 16.72

-0.32 -1.88%
Volume: 54,945,439
Track INTC

NFLX 39.92

-0.70 -1.72%
Volume: 1,004,327
Track NFLX

RRI 26.21

+21.14 +416.96%
Volume: 434,720
Track RRI

SNN 27.52

-10.29 -27.22%
Volume: 448,123
Track SNN

SOV 2.47

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

WAG 27.55

-1.79 -6.10%
Volume: 440,403
Track WAG

WFC 29.98

+5.84 +24.19%
Volume: 432,484
Track WFC

ZUMZ 7.88

-0.49 -5.85%
Volume: 370,416
Track ZUMZ


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