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 60.80

+0.09 +0.15%
Volume: 4,484,762
Track AEM

AXP 40.05

+0.37 +0.93%
Volume: 13,384,226
Track AXP

BIDU 430.51

+2.39 +0.56%
Volume: 2,152,628
Track BIDU

DRI 32.62

+0.06 +0.18%
Volume: 2,037,916
Track DRI

EJ 19.59

+0.05 +0.26%
Volume: 721,349
Track EJ

GSK 41.23

-0.12 -0.29%
Volume: 2,214,067
Track GSK

KGC 19.61

+0.27 +1.40%
Volume: 8,103,024
Track KGC

LVLT 1.25

+0.01 +0.81%
Volume: 4,104,985
Track LVLT

MSFT 29.12

+0.11 +0.38%
Volume: 49,638,285
Track MSFT

RTN 48.85

+0.49 +1.01%
Volume: 2,883,946
Track RTN

SNDK 21.31

-0.01 -0.05%
Volume: 5,836,238
Track SNDK

VMW 41.35

-0.25 -0.60%
Volume: 1,216,853
Track VMW

YHOO 16.09

+0.05 +0.31%
Volume: 16,277,954
Track YHOO


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