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 6.58

+0.03 +0.46%
Volume: 170,316
Track BGCP

EBAY 24.90

-0.50 -1.97%
Volume: 7,803,548
Track EBAY

ECA 74.78

+0.09 +0.12%
Volume: 3,198,829
Track ECA

GE 28.21

-0.62 -2.15%
Volume: 30,714,068
Track GE

GME 43.94

-0.15 -0.34%
Volume: 1,442,909
Track GME

MHLD 6.50

-0.05 -0.76%
Volume: 21,688
Track MHLD

OMX 12.29

+0.15 +1.24%
Volume: 736,080
Track OMX

SPWR 97.48

+0.52 +0.54%
Volume: 1,370,747
Track SPWR

T 32.07

-0.16 -0.50%
Volume: 22,632,585
Track T

VZ 35.17

-0.30 -0.85%
Volume: 6,938,156
Track VZ

WEN 24.19

-0.61 -2.46%
Volume: 254,350
Track WEN


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