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GlaxoSmithKline - Upgrades & Downgrades

TheStreet Ratings released rating changes on 15 U.S. common stocks for October 22, 2010. Only two stocks were downgraded and 13 stocks have been upgraded by our stock model.
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NEW YORK (

TheStreet

) -TheStreet Ratings' stock model upgraded

GlaxoSmithKline PLC

(GSK) - Get GlaxoSmithKline Plc Report

to 'Buy' from 'Hold'. Net income at this $105 billion market cap, pharmaceutical company grew by a 4.2% to $2.1 billion in the third recent quarter over the same quarter last year.

TheStreet Ratings released rating changes on 14 additional U.S. common stocks for October 22, 2010. In total, only two stocks were downgraded and 13 stocks have been upgraded by our stock model.

Third quarter revenue at GlaxoSmithKline expanded by 15.7% to $12 billion over the prior third quarter. Learn more about GlaxoSmithKline:

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Income Statement

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TheStreet Recommends

Analyst Ratings

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$50 billion market cap, financial services company,

Credit Suisse Group

(CS) - Get Credit Suisse Group AG Report

was downgraded to 'Sell' from 'Hold'. In third quarter results for Credit Suisse Group, the company's gross revenue contracted by 4.5% to $13.6 billion as net income plummeted by 60.8% to $954 million when compared to the prior third quarter. Learn more about Credit Suisse Group:

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Analyst Ratings

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-- Reported by Kevin Baker in Jupiter, Fla.

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Kevin Baker became the senior financial analyst for TheStreet Ratings upon the August 2006 acquisition of Weiss Ratings by TheStreet.com, covering mutual funds. He joined the Weiss Group in 1997 as a banking and brokerage analyst. In 1999, he created the Weiss Group's first ratings to gauge the level of risk in U.S. equities. Baker received a B.S. degree in management from Rensselaer Polytechnic Institute and an M.B.A. with a finance specialization from Nova Southeastern University.