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