Analysts' Upgrades, Downgrades: Hartford

CHANGE IN RATINGS

Yamana Gold (AUY Quote) downgraded at Credit Suisse to Neutral from Outperform based on valuation. Says company is best candidate for a takeover but not willing to recommend it as an Outperform solely on that basis. Lowered target price to $6.50 from $12.

Goodrich Petroleum (GDP Quote) downgraded at Jefferies from Buy to Hold. $29 price target. Valuation call, as the stock has bounced 40% since mid-October.

Molina Healthcare (MOH Quote) downgraded at Credit Suisse to Underperform from Neutral. Says consensus estimates are too high and do not reflect likely margin pressure next year. Lowered target price to $13 from $25.

Telemig Celular (TMB Quote) upgraded at Credit Suisse to Outperform from Neutral based on valuation and stabilizing market share. Maintained $52 target price.

STOCK COMMENTS / EPS CHANGES

Alpha Natural (ANR Quote) numbers cut at Morgan Stanley. Shares now seen reaching $32. Estimates also lowered, to reflect the company's new guidance and a poor pricing outlook. Overweight rating.

Hartford Financial (HIG Quote) numbers raised at Morgan Stanley. Shares now seen reaching $21. Estimates also raised to reflect the company's strong capital position, reducing the likelihood of a capital raise. Overweight rating.

Paychex (PAYX Quote) numbers cut at Barclays. Shares now seen reaching $31. Estimates also lowered, as management will likely cut 2009 earnings guidance at the upcoming earnings report. Float income likely to be hurt by falling interest rates. Equal-weight rating.