Analysts' Upgrades, Downgrades: GE

NEW YORK (TheStreet.com) -- CHANGE IN RATINGS

Akamai(AKAM Quote) target lowered at Goldman to $17.50 from $20. Estimates also lowered to $1.27 from $1.34 for FY09. Competitive pressures and its failure to meet estimates caused its numbers to be lowered. The co.'s substantial fall in Media & Entertainment revenue supports the thesis for tough competition in the sector. Maintained Sell rating.

Akamai (AKAM Quote) downgraded at Jefferies from Buy to Hold. $20 price target. Company is cutting prices to try and maintain market share.

Akamai (AKAM Quote) downgraded at ThinkEquity from Buy to Accumulate. $20 price target. Company is seeing weak core demand trends.

Digital River (DRIV Quote) downgraded at Deutsche Bank. Rating lowered to Hold from Buy. Price target lowered to $37 from $42. Lowers 2009 EPS estimates from $2.10 from $1.88.

Flextronics (FLEX Quote) downgraded at Needham from Buy to Hold. Valuation call, as the stock already appears fully valued.

General Electric (GE Quote) upgraded at Goldman to Buy from Neutral. Comments reported after the close by US House Financial Services Chairman Barney Frank suggest broadening support for regulatory reform that would not mandate the separation of GE Capital. The firm is reducing the probability assumption for a costly GECS separation to 25% from 50%. Greater potential for a manageable regulatory outcome should prompt investors to focus on longer-term benefits of economic and credit stabilization to GE shares. Increased target price to $15 from $13.

LSI (LSI Quote) upgraded at Goldman to Buy from Neutral. Estimates for FY09 raised to $0.00 from ($0.05). The firm believes that fundamentals should benefit from a rebound in enterprise IT spending that is expected to start in 4Q09. The firm expects a rebound in enterprise spending throughout Q4. Increased target price to $6.50 from $5.