Notable Analyst Rating Changes 6/16: EBAY, GME, SPWR, WEN Upgraded; VZ, GE, T, OMX Downgraded

June 16, 2008 9:59 AM EDT

StreetInsider.com Notable Analyst Rating Changes:

UPGRADES:
Stifel Nicolaus upgrades eBay (Nasdaq: EBAY) from Hold to Buy. The firm has a $35 price target on the stock.

Goldman Sachs upgrades GameStop (NYSE: GME) from Sell to Neutral.

Credit Suisse upgrades SunPower (Nasdaq: SPWR) from Neutral to Outperform.

Morgan Stanley upgrades Wendy's (NYSE: WEN) from Underweight to Equal-Weight.

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

DOWNGRADES:
UBS downgrades Verizon (NYSE: VZ) from Buy to Neutral. Price target $40.

JP Morgan downgrades General Electric (NYSE: GE) from Overweight to Neutral. The firm cited more earnings risk and lack of visibility. The fim cut its 2009 EPS estimates from $2.40 to $2.30.

UBS downgrades AT&T (NYSE: T) from Buy to Neutral, with a $39 price target.

Credit Suisse downgrades OfficeMax (NYSE: OMX) from Outperform to Neutral.

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

NEW COVERAGE:
TD Newcrest initiates coverage on EnCana (NYSE: ECA) with a Hold rating and a $110 price target.

Friedman Billings initiates coverage on Maiden Holdings (Nasdaq: MHLD) with a Outperform. Price target $11.50.

Deutsche Bank initiates coverage on BGC Partners (NASDAQ: BGCP) with a Buy rating and a $13 price target.

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


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Stocks Mentioned

BGCP 3.46

+0.44 +14.57%
Volume: 742,712
Track BGCP

EBAY 16.73

+0.77 +4.82%
Volume: 38,613,241
Track EBAY

ECA 38.65

-5.01 -11.48%
Volume: 12,806,116
Track ECA

GE 21.50

+2.49 +13.10%
Volume: 275,271,202
Track GE

GME 29.10

+0.01 +0.03%
Volume: 4,266,898
Track GME

MHLD 3.61

-0.30 -7.67%
Volume: 445,122
Track MHLD

OMX 5.88

+0.08 +1.38%
Volume: 2,932,374
Track OMX

SPWR 60.75

+0.00 +0.00%
Volume: 3,741,039
Track SPWR

T 22.42

-0.58 -2.52%
Volume: 80,125,703
Track T

VZ 26.77

+0.84 +3.24%
Volume: 49,651,856
Track VZ

WEN 4.00

-0.08 -1.96%
Volume: 5,723,455
Track WEN


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