Analysts' Upgrades, Downgrades: Clearwire

Change in Ratings

Blackbaud(BLKB Quote) upgraded at Jefferies to hold rating from underperform. Price target holds at $22 while fiscal year 2008 EPS estimates drift to 97 cents from 96 cents.

Clearwire(CLWR Quote) downgraded at Citigroup to sell. Stock trades at a substantial premium to fair value of $13. Business model also faces several operating and financial hurdles.

Consol Energy(CNX Quote) downgraded at Morgan Stanley to equal-weight. Valuation call, as the stock is up 65% since 2007, and already pricing in Appalachian growth potential.

Dr. Pepper Snapple rated new equal-weight at Morgan Stanley. $30 price target. Company will struggle to grow in the U.S. carbonated drink market, but the stock would be attractive to buy in the low-$20s.

FTI Consulting(FCN Quote) numbers raised at UBS. Price target lifts to $33 from $30 while fiscal year 2008 EPS estimates upped to $2.60 from $2.50.

General Mills(GIS Quote) upgraded at Goldman Sachs to buy from neutral based on healthy earnings growth and accelerating momentum in U.S. Believe structural improvements are happening, which will allow shares to trade at a multiple in-line with peer group. Price target at $70.

Hansen(HANS Quote) downgraded at Goldman Sachs to neutral from buy following disappointing first-quarter earnings. Believe business investment was primary driver of the earnings miss, and see potential to pressure margins going forward. Sales of Monster were up 36%, also disappointing compared to expectations in the 45%-50% range. Price target at $37.

Hershey(HSY Quote) downgraded at Goldman Sachs to sell from neutral. See continuing loss of market share in core brands, margin pressures and intense competition in premium chocolate. Price target at $32.