Notable Analyst Rating Changes 11/10: WFC, MOH, CIM Upgraded; GM, LVS, FSLR, ENER, SPWRA Downgraded

November 10, 2008 9:58 AM EST

UPGRADES:
Credit Suisse upgrades Wells Fargo (NYSE: WFC) from Neutral to Outperform with a $38 price target

Barclays upgrades Molina Healthcare (NYSE: MOH) from Underweight to Equalweight.

Keefe, Bruyette and Woods upgrades Chimera Investment Corp. (NYSE: CIM) to Outperform on valuation. Price target $3.50.

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

DOWNGRADES:
Barclays downgrades General Motors (NYSE: GM) from Equal-weight to Underweight, saying GM's equity has little value in any of the potential scenarios.

Deutsche Bank downgrades General Motors from Hold to Sell with a $0 price target.

Merrill Lynch downgrades Las Vegas Sands (NYSE: LVS) from Neutral to Underperform.

Deutsche Bank downgrades Canadian Solar (Nasdaq: CSIQ), SunPower (Nasdaq: SPWRA), Energy Conversion Devices (Nasdaq: ENER) and First Solar (Nasdaq: FSLR) from Hold to Buy.

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

NEW COVERAGE:
Citi initiates coverage on Kimberly-Clark (NYSE: KMB) with a Buy. Price target $65.

Goldman Sachs initiates coverage on Tim Hortons (NYSE: THI) with a Sell rating.

Merrill Lynch initiates coverage on IntercontinentalExchange (NYSE: ICE) with a Neutral rating.

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


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Stocks Mentioned

CIM 3.22

-0.36 -10.06%
Volume: 613,793
Track CIM

CSIQ 6.80

-0.11 -1.59%
Volume: 1,089,820
Track CSIQ

ENER 28.73

-0.24 -0.83%
Volume: 2,631,072
Track ENER

FSLR 162.54

+7.18 +4.62%
Volume: 4,746,538
Track FSLR

GM 4.03

-0.01 -0.25%
Volume: 11,141,943
Track GM

ICE 63.88

-0.92 -1.42%
Volume: 2,137,957
Track ICE

KMB 50.45

-0.71 -1.39%
Volume: 3,655,371
Track KMB

LVS 6.99

-0.25 -3.45%
Volume: 10,585,670
Track LVS

MOH 17.97

-0.64 -3.44%
Volume: 617,857
Track MOH

SPWRA 38.66

-0.99 -2.50%
Volume: 2,330,342
Track SPWRA

THI 25.47

-1.16 -4.36%
Volume: 895,575
Track THI

WFC 25.14

-0.58 -2.26%
Volume: 42,262,965
Track WFC


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