Notable Analyst Rating Changes 7/24: WFR, DO, SANM Upgraded; AB, MCD, T Downgraded

July 24, 2008 9:50 AM EDT

StreetInsider.com Notable Analyst Rating Changes:

UPGRADES:
Citi and JPMorgan Upgrade MEMC Electronic Materials (NYSE: WFR) to Buy and Overweight, respectively.

Calyon Securities upgrades Diamond Offshore (NYSE: DO) from Add to Buy.

Credit Suisse upgrades Sanmina-SCI (Nasdaq: SANM) from Neutral to Outperform.

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

DOWNGRADES:
Goldman Sachs downgrades AllianceBernstein (NYSE: AB) from Buy to Neutral.

Deutsche Bank downgrades McDonald's (NYSE: MCD) from Buy to Hold and lowers their price target from $67 to $63.

JP Morgan downgrades AT&T (NYSE: T) from Overweight to Neutral.

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

NEW COVERAGE:
KeyBanc initiates coverage on Cap Lease (NYSE: LSE) with a Hold rating.

ThinkPanmure initiates coverage on Aventine Renewable Energy (NYSE: AVR) with an Accumulate rating. Price target $8.

Maxim Group initiates coverage on NovaBay Pharmaceuticals (AMEX: NBY) with a Buy rating.

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


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Stocks Mentioned

AB 17.30

+1.30 +8.13%
Volume: 633,765
Track AB

AVR 0.72

-0.05 -6.49%
Volume: 267,383
Track AVR

DO 62.37

-3.54 -5.37%
Volume: 3,814,087
Track DO

LSE 1.62

+0.22 +15.71%
Volume: 530,341
Track LSE

MCD 57.05

+0.88 +1.57%
Volume: 10,215,791
Track MCD

NBY 1.35

-0.06 -4.26%
Volume: 500
Track NBY

SANM 0.45

-0.02 -4.26%
Volume: 5,069,710
Track SANM

T 28.04

+1.08 +4.01%
Volume: 36,969,407
Track T

WFR 13.74

+1.41 +11.44%
Volume: 7,192,051
Track WFR


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