Notable Analyst Rating Changes 10/07: (AMD) (CHK) (QTM) Upgraded; (ILMN) (HRBN) (ICE) Downgraded

UPGRADES
Oppenheimer upgrades AMD (NYSE: AMD) from Underperform to Perform.

Wells Fargo lifts Chesapeake Energy (NYSE: CHK) from Market Perform to Outperform with a price target range from $26 to $29 to a range $38 to $42. Click Here for more color.

Wunderlich Securities raises Quantum Corp. (NYSE: QTM) from Hold to Buy, moving its price target from $2.20 to $3.

Susquehanna boosts Collective Brands (NYSE: PSS) from Neutral to Positive, raising its price target from $13 to $18.

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

DOWNGRADES
Illumina (Nasdaq: ILMN) downgraded at several firms Friday:

• Macquarie from Outperform to Neutral;
  
  
• Piper Jaffray from Overweight to Neutral, slashing it's price target from $85 to $35;
  
  
• Deutsche Bank from Buy to Hold, its price target lowered to $30. Click Here for more color;
  
  
• Cowen from Outperform to Neutral;
  
  
• Maxim Group from Buy to Hold;
  
  
• UBS from Buy to Neutral, and slashes its price target from $80 to $32. Click Here for more color.

Roth Capital lowers Harbin Electric (Nasdaq: HRBN) from Buy to Neutral, reaffirming its $24 price target.

Keefe, Bruyette & Woods cuts IntercontinentalExchange (NYSE: ICE) from Outperform to Market Perform with a price target of $140. Click Here for more color.

Benchmark reduces Harris Corp. (NYSE: HRS) from Buy to Hold with a price target of $38. Click Here for more color.

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

NEW COVERAGE
BofA/Merrill Lynch starts Trina Solar (NYSE: TSL) with a Underperform, and $2 price target.

Wunderlich Securities initiates Globus Maritime Limited (Nasdaq: GLBS) with a Buy rating and $8 price target.

JPMorgan begins Time Warner (NYSE: TWX) with an Overweight rating.

Wedbush assumes ON Semi (Nasdaq: ONNN) at Neutral (from Outperform), its price target moves from $13 to $8.50. Click Here for more color.

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

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