Notable Analyst Rating Changes 2/11: GSK, RTN, BIDU, VMW Upgraded; LVLT, AXP, MSFT, DRI Downgraded

February 11, 2008 10:02 AM EST

StreetInsider.com Notable Analyst Rating Changes:

UPGRADES:
UBS upgrades GlaxoSmithKline (NYSE: GSK) from Neutral to Buy.

Goldman Sachs upgrades Raytheon Co. (NYSE: RTN) from Sell to Neutral.

Merrill Lynch upgrades Agnico-Eagle Mines (NYSE: AEM) and Kinross Gold (NYSE: KGC) to Buy.

Pacific Crest Securities upgrades Baidu.com (Nasdaq: BIDU) and VMware (NYSE: VMW) to Outperform.

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

DOWNGRADES:
Credit Suisse downgrades Level 3 (Nasdaq: LVLT) from Outperform to Neutral.

Keefe Bruyette & Woods downgrades American Express (NYSE: AXP) from Outperform to Market Perform and lowers its price target from $58 to $49.

RBC Capital downgrades Microsoft (Nasdaq: MSFT) from Outperform to Sector Perform with a $31 price target, saying they expect the company to pay up to $40 per share to buy Yahoo! (Nasdaq: YHOO).

MKM Partners downgrades Darden Restaurants (NYSE: DRI) from Buy to Neutral.

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

NEW COVERAGE:
RBC Capital initiates coverage on Darden Restaurants (NYSE: DRI) with an Outperform rating. Price target $40.

Caris & Co initiates coverage on SanDisk (Nasdaq: SNDK) with a Sell rating. Price target $20.

Susquehanna Financial initiates coverage on E-House (China) Holdings Limited (NYSE: EJ) with a Positive rating, citing valuation.

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


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Stocks Mentioned

AEM 65.46

+2.80 +4.47%
Volume: 4,949,779
Track AEM

AXP 41.30

-0.53 -1.27%
Volume: 11,654,773
Track AXP

BIDU 435.55

+1.81 +0.42%
Volume: 1,435,282
Track BIDU

DRI 31.83

+0.40 +1.27%
Volume: 1,676,377
Track DRI

EJ 20.51

+1.06 +5.45%
Volume: 3,176,490
Track EJ

GSK 42.41

+0.94 +2.27%
Volume: 2,254,962
Track GSK

KGC 21.10

+1.08 +5.39%
Volume: 15,723,483
Track KGC

LVLT 1.24

-0.01 -0.80%
Volume: 15,113,107
Track LVLT

MSFT 30.01

+0.60 +2.04%
Volume: 49,905,247
Track MSFT

RTN 51.80

+0.27 +0.52%
Volume: 3,389,837
Track RTN

SNDK 20.86

+1.14 +5.78%
Volume: 8,863,465
Track SNDK

VMW 42.66

+0.68 +1.62%
Volume: 1,465,934
Track VMW

YHOO 15.13

+0.16 +1.07%
Volume: 17,096,457
Track YHOO


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