Notable Analyst Rating Changes 6/16: EBAY, GME, SPWR, WEN Upgraded; VZ, GE, T, OMX Downgraded

June 16, 2008 9:59 AM EDT

StreetInsider.com Notable Analyst Rating Changes:

UPGRADES:
Stifel Nicolaus upgrades eBay (Nasdaq: EBAY) from Hold to Buy. The firm has a $35 price target on the stock.

Goldman Sachs upgrades GameStop (NYSE: GME) from Sell to Neutral.

Credit Suisse upgrades SunPower (Nasdaq: SPWR) from Neutral to Outperform.

Morgan Stanley upgrades Wendy's (NYSE: WEN) from Underweight to Equal-Weight.

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

DOWNGRADES:
UBS downgrades Verizon (NYSE: VZ) from Buy to Neutral. Price target $40.

JP Morgan downgrades General Electric (NYSE: GE) from Overweight to Neutral. The firm cited more earnings risk and lack of visibility. The fim cut its 2009 EPS estimates from $2.40 to $2.30.

UBS downgrades AT&T (NYSE: T) from Buy to Neutral, with a $39 price target.

Credit Suisse downgrades OfficeMax (NYSE: OMX) from Outperform to Neutral.

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

NEW COVERAGE:
TD Newcrest initiates coverage on EnCana (NYSE: ECA) with a Hold rating and a $110 price target.

Friedman Billings initiates coverage on Maiden Holdings (Nasdaq: MHLD) with a Outperform. Price target $11.50.

Deutsche Bank initiates coverage on BGC Partners (NASDAQ: BGCP) with a Buy rating and a $13 price target.

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


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Stocks Mentioned

BGCP 6.59

+0.04 +0.61%
Volume: 204,781
Track BGCP

EBAY 24.93

-0.47 -1.85%
Volume: 10,415,374
Track EBAY

ECA 74.90

+0.21 +0.28%
Volume: 3,565,568
Track ECA

GE 28.10

-0.73 -2.53%
Volume: 47,087,660
Track GE

GME 43.87

-0.22 -0.50%
Volume: 1,683,726
Track GME

MHLD 6.52

-0.03 -0.46%
Volume: 43,370
Track MHLD

OMX 12.24

+0.10 +0.82%
Volume: 887,203
Track OMX

SPWR 97.55

+0.59 +0.61%
Volume: 1,468,172
Track SPWR

T 31.99

-0.24 -0.74%
Volume: 31,327,274
Track T

VZ 35.12

-0.35 -0.99%
Volume: 10,087,972
Track VZ

WEN 24.27

-0.53 -2.14%
Volume: 376,250
Track WEN


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