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 27.47

-27.30 -49.84%
Volume: 434,918
Track AEM

AXP 26.26

+3.26 +14.17%
Volume: 443,816
Track AXP

BIDU 289.50

-5.57 -1.89%
Volume: 1,457,615
Track BIDU

DRI 29.89

-4.18 -12.27%
Volume: 440,618
Track DRI

EJ 25.09

+9.48 +60.73%
Volume: 444,790
Track EJ

GSK 28.70

-7.34 -20.37%
Volume: 445,783
Track GSK

KGC 18.94

-0.44 -2.27%
Volume: 7,374,205
Track KGC

LVLT 1.48

+0.01 +0.68%
Volume: 7,720,352
Track LVLT

MSFT 23.37

-0.67 -2.79%
Volume: 65,427,699
Track MSFT

RTN 25.01

-19.88 -44.29%
Volume: 442,648
Track RTN

SNDK 14.19

-0.68 -4.57%
Volume: 3,402,117
Track SNDK

VMW 29.91

+1.15 +4.00%
Volume: 441,226
Track VMW

YHOO 14.99

-0.42 -2.73%
Volume: 16,920,572
Track YHOO


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