UPGRADES:
Merrill Lynch upgrades PG&E Corp (NYSE: PCG) from Neutral to Buy.

UBS upgrades Itron (Nasdaq: ITRI) from Neutral to Buy.

Goldman Sachs upgrades Melco Crown Entertainment Ltd. (Nasdaq: MPEL) from Neutral to Buy.

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

DOWNGRADES:
Wachovia downgrades Deere & Co. (NYSE: DE) to Market Perform.

Morgan Stanley downgrades Blackstone (NYSE: BX) from Overweight to Equal Weight, citing risks from write-downs.

Merrill Lynch downgrades Suncor (NYSE: SU) from Buy to Underperform.

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

NEW COVERAGE:
Jefferies & Co initiates coverage on Unilever (NYSE: UL) with a Buy.

KeyBanc initiates coverage on Global Cash Access Holdings, Inc.