Analysts' Upgrades, Downgrades: Sohu.com

CHANGE IN RATINGS

Compass Minerals (CMP Quote) downgraded at Deutsche from Buy to Hold. $65 price target. Looser supply should hurt specialty fertilizer prices.

Energy Conversion Devices (ENER Quote) upgraded at Piper Jaffray is upgrading ENER to Buy from Neutral following strong Q2 results that showed strength in Italy & France. Note that price declines are less than feared and company will be a prime beneficiary of pending legislation in the U.S. Price target raised to $33 from $25.

Isis Pharma (ISIS Quote) rated new Hold at Citigroup. $16 price target. Company has significant market potential and an impressive pipeline, but faces multiple challenges.

Kroger (KR Quote) downgraded at Citigroup from Buy to Hold. $23 price target. Industry is entering a price war, aided by WMT.

Manpower (MAN Quote) upgraded at Goldman Sachs to Neutral from Sell. Believe two primary negative catalysts have now passed. First, Q4 results included weak guidance for Q1. Second, US and French payroll data showed accelerating deterioration in labor fundamentals. Believe negative news is priced into shares. Price target raised to $29 from $20.

Sohu.com (SOHU Quote) downgraded at Pali from Buy to Neutral. Valuation call, as the company lowered its growth outlook.

Safeway (SWY Quote) downgraded at Citigroup from Hold to Sell. $18 price target. Estimates also cut, to reflect lower margins because of a likely industry pricing war.

Wynn Resorts (WYNN Quote) downgraded at Susquehanna from Positive to Neutral. Estimates also cut, as Las Vegas fundamentals continue to deteriorate.

XTO Energy (XTO Quote) upgraded at RBC to Outperform from Sector Perform with $57 price target. RBC notes that XTO has very low cost structure and a tremendous hedge position that secures much of 2009 cash flow outlook.