Notable Analyst Rating Changes 7/11: SPWR, APC, NDAQ Upgraded; ELN, TEVA, WB Downgraded

July 11, 2008 9:53 AM EDT

StreetInsider.com Notable Analyst Rating Changes:

UPGRADES:
Merrill Lynch upgrades SunPower (Nasdaq: SPWR) from Underperform to Neutral.

Wachovia upgrades Anadarko Petroleum (NYSE: APC) from Market Perform to Outperform with an $85 to $95 valuation range, a 35% upside from current levels.

Raymond James upgrades Nasdaq (Nasdaq: NDAQ) from Market Perform to Outperform.

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

DOWNGRADES:
Piper Jaffray downgrades Elan (NYSE: ELN) from Neutral to Sell with a $25 price target.

FTN Midwest downgrades Teva Pharmaceutical (Nasdaq: TEVA) from Buy to Neutral.

Fox-Pitt downgrades Wachovia (NYSE: WB) from Outperform to In-Line.

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

NEW COVERAGE:
Deutsche Bank initiates coverage on Google (Nasdaq: GOOG) with a Buy rating and $635 price target.

Jefferies & Co initiates coverage on Walgreen (NYSE: WAG) with a Hold. Price target $35.

Brean Murray initiates coverage of Elan Corporation plc (NYSE: ELN) with a Sell rating and $18 target price.

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


Related Categories

Special Reports

Stocks Mentioned

APC 31.23

+3.73 +13.56%
Volume: 5,381,765
Track APC

ELN 8.85

+0.88 +11.04%
Volume: 2,181,443
Track ELN

GOOG 360.49

+28.49 +8.58%
Volume: 3,294,909
Track GOOG

NDAQ 29.53

+3.66 +14.15%
Volume: 1,246,744
Track NDAQ

SPWR 60.75

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

TEVA 40.31

+1.82 +4.73%
Volume: 3,710,091
Track TEVA

WAG 24.51

+1.29 +5.56%
Volume: 4,238,180
Track WAG

WB 5.39

+0.24 +4.66%
Volume: 32,294,939
Track WB


Related Entities


Add Your Comment