Notable Analyst Rating Changes 5/9: ATVI, NVDA, HES Upgraded; CELG, PEC, DRS Downgraded

May 9, 2008 9:45 AM EDT

StreetInsider.com Notable Analyst Rating Changes:

UPGRADES:
Kaufman upgrades Activision (Nasdaq: ATVI) from Hold to Buy and raises its price target from $27.50 to $34.

Stifel Nicolaus upgrades NVIDIA (Nasdaq: NVDA) from Sell to Buy.

Lehman Bros. upgrades Hess (NYSE: HES) from Underweight to Equalweight, citing strong exploration prospects. Price target increased from $99 to $110.

For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades

DOWNGRADES:
Credit Suisse downgrades Celgene (Nasdaq: CELG) from Outperform to Neutral with a $67 price target.

Baird downgrades Pike Electric (NYSE: PEC) from Outperform to Neutral. Price target $17.

UBS, Friedman Billings and Morgan Joseph downgrade DRS Technologies (NYSE: DRS) to Neutral, Market Perform and Hold, respectively.

For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades

NEW COVERAGE:
Citi initiates coverage on First Solar (Nasdaq: FSLR) with a Buy. Price target $450.

Citi initiates coverage on SunPower (Nasdaq: SPWR) with a Hold. Price target $105.

UBS initiates coverage on Abbott Labs (NYSE: ABT) with a Buy. Price target $61.

For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage


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Stocks Mentioned

ABT 54.75

+0.51 +0.94%
Volume: 8,109,189
Track ABT

ATVI 30.90

-0.68 -2.15%
Volume: 4,128,770
Track ATVI

CELG 67.37

-0.50 -0.74%
Volume: 4,497,470
Track CELG

DRS 78.48

+0.13 +0.17%
Volume: 206,634
Track DRS

FSLR 253.65

+5.81 +2.34%
Volume: 3,313,336
Track FSLR

HES 119.54

-0.44 -0.37%
Volume: 2,479,632
Track HES

NVDA 12.49

-5.54 -30.73%
Volume: 74,705,538
Track NVDA

PEC 16.25

-0.38 -2.29%
Volume: 77,606
Track PEC

SPWR 64.32

+1.50 +2.39%
Volume: 1,839,114
Track SPWR


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