Notable Analyst Rating Changes 10/30: FSLR, MGM, NEM, VCLK Upgraded; HIG, SONO, CCO, GLW Downgraded

October 30, 2008 10:03 AM EDT

UPGRADES:
Soleil and Merriman Curhan upgrade First Solar (Nasdaq: FSLR) to Buy.

KeyBanc upgrades MGM MIRAGE (NYSE: MGM) from Hold to Buy. Price target $18.

J.P. Morgan upgrades Newmont Mining (NYSE: NEM) from Neutral to Overweight.

Collins Stewart upgrades ValueClick (Nasdaq: VCLK) from Hold to Buy. Price target $10.

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

DOWNGRADES:
Merrill Lynch downgrades Hartford Financial Services Group Inc. (NYSE: HIG) from Buy to Neutral.

Goldman Sachs downgrades SonoSite Inc. (Nasdaq: SONO) from Buy to Sell and cuts its price target from $38 to $17.

Soleil Securities downgrades Clear Channel Outdoor (NYSE: CCO) from Hold to Sell. Price target lowered from $10 to $4.

Collins Stewart downgrades Corning (NYSE: GLW) from Buy to Hold.

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

NEW COVERAGE:
Citi initiates coverage on Energy Conversion Devices Inc (Nasdaq: ENER) with a Sell. Price target $17.

Keefe, Bruyette and Woods initiates coverage on Markel Corp (NYSE: MKL) with a Market Perform. Price target $360.

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


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Stocks Mentioned

CCO 9.19

+0.21 +2.34%
Volume: 481,016
Track CCO

ENER 10.17

-0.24 -2.31%
Volume: 2,445,091
Track ENER

FSLR 129.62

+1.50 +1.17%
Volume: 3,731,210
Track FSLR

GLW 18.33

+0.74 +4.21%
Volume: 24,231,477
Track GLW

HIG 24.67

+0.44 +1.82%
Volume: 7,995,054
Track HIG

MGM 10.81

+0.18 +1.69%
Volume: 24,864,540
Track MGM

MKL 343.85

+2.85 +0.84%
Volume: 36,815
Track MKL

NEM 52.05

-2.53 -4.64%
Volume: 16,682,101
Track NEM

SONO 22.56

+0.46 +2.08%
Volume: 189,946
Track SONO

VCLK 10.03

+0.09 +0.91%
Volume: 869,910
Track VCLK


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