Jefferies & Co

Jefferies & Co upgrades Atheros Communications (Nasdaq ...

StreetInsider.com Notable Analyst Rating Changes:

UPGRADES:
Soleil upgrades Suntech Power Holdings (NYSE: STP) from Sell to Hold, price target increased to $13.50. Click Here for more color.

Morgan Stanley upgrades Hess Corp (NYSE: HES) from Equalweight to Overweight.

Deutsche Bank upgrades Dillard's (NYSE: DDS) from Hold to Buy with a $28 price target, saying Q3 sets a new trajectory. Click Here for more color.

Citi upgrades Liberty Media Interactive (NASDAQ: LINTA) from Hold to Buy ...

UPGRADES:
Goldman Sachs upgraded Wells Fargo (NYSE: WFC) from Neutral to Buy and raised their price target from $31 to $35, saying the company is the big winner this cycle on change in tangible assets per share.

Deutsche Bank upgrades ConocoPhillips (NYSE: COP) to Buy. Price target $55. Click here for the full report.

UPGRADES:
FBR Capital upgraded Home Depot (NYSE: HD) from Market Perform to Outperform, raising its price target from $25 to $30.50. Click here for more color.

UBS upgrades Coca-Cola Enterprises (NYSE: CCE) from Neutral to Buy. Price target increased from $19 to $23.

Jefferies & Co upgrades WuXi PharmaTech (NYSE: WX) from Underperform to Hold.

Baird upgrades Texas ...

When Goldman Talks…

Just about the time most analysts figured the bulls had had their fun and that stocks couldn’t possibly go any higher, the bulls caught a break from the news and also got a big call out of Goldman Sachs (GS) yesterday. In response, the indices jumped up for the sixth straight session (and for those of you keeping score at home, that’s 9 up days in a row over on the NASDAQ); tacking on another 1% or so to the year-to-date performance of the major indices. And while chart analysis hasn’t exactly been helpful lately, it is worth noting that the Dow and S&P joined their brethren in four-letterland at new cycle highs at yesterday’s close.

Part of the positive vibe was attributable to the report that CIT Group (CIT) had reached a deal with their bondholders that allowed them to stave off bankruptcy. The $3 billion ...