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Notable Analyst Rating Changes 06/08: (BOBE) (EBAY) (VZ) Upgraded; (IPXL) (QNST) (SPWRA) Downgraded

June 8, 2011 11:05 AM EDT
UPGRADES
Miller Tabak upgraded Bob Evans Farms (Nasdaq: BOBE) from Hold to Buy.

Oppenheimer raises Verizon Communications (NYSE: VZ) from Perform to Outperform, setting a new $42 price target on the stock.

Pacific Crest lifts eBay (Nasdaq: EBAY) from Sector Perform to Outperform.

Susquehanna ups 51job (Nasdaq: JOBS) from Neutral to Positive.

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

DOWNGRADES
JPMorgan downgrades Impax Laboratories (Nasdaq: IPXL) from Overweight to Neutral, its price target lowered from $28 to $26.

QuinStreet, Inc. (Nasdaq: QNST), lowered by two today:
  • BofA/Merrill Lynch from Buy to Neutral; and

  • Stifel Nicolaus from Buy to Hold.
SunPower (Nasdaq: SPWRA) cut by three today:
  • Needham & Company to Underperform. Click Here for more color;

  • Jefferies from Buy to Hold and lowered their price target from $26 to $19. Click Here for more color; and

  • Macquarie from Outperform to Neutral, its price target lowered from $23.50 to $21.
Barclays downgraded shares of Gap, Inc. (NYSE: GPS) from Overweight to Equalweight, cutting its price target from $22 to $17.

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

NEW COVERAGE
Goldman Sachs initiates American International Group (NYSE: AIG) with a Neutral rating and $31 price target. Click Here for more color.

Auriga resumes Marvell (NASDAQ: MRVL) with a Buy, and $18 price target. Click Here for more color.

BMO Capital starts Provident Energy (NYSE: PVX) with a Market Perform, and $9 price target.

Lazard Capital begins NetLogic (Nasdaq: NETL) at Hold.

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

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Stifel, JPMorgan, Jefferies & Co, Needham & Company, BMO Capital, Lazard, Barclays, Pacific Crest Securities, Susquehanna International Group of Companies, Notable Analyst Rating Changes, Auriga