Notable Analyst Rating Changes 7/2: ESLR, TTWO, CAL Upgraded; DYN, LUV, FSLR Downgraded

July 2, 2009 10:03 AM EDT

UPGRADES:

JP Morgan upgrades Evergreen Solar Inc. (Nasdaq: ESLR) from Underweight to Overweight and raises their price target to $5.

Thomas Weisel upgrades EXFO Electro-Optical (Nasdaq: EXFO) from Marketweight to Overweight. Price target $4.

JPMorgan upgrades SunPower (Nasdaq: SPWRA) from Underweight to Neutral.

Morgan Stanley upgrades Continental Airlines (NYSE: CAL) from Equalweight to Overweight. Price target $12.

Kaufman Bros upgrades Take-Two Interactive Software (Nasdaq: TTWO) from Hold to Buy and raised their price target from $8 to $14.

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

DOWNGRADES:
UBS downgrades Dynegy (NYSE: DYN) from Neutral to Sell with a downside price target of $1.80. Shares of DYN closed at $2.29 yesterday.

Morgan Stanley downgrades Southwest Airlines (NYSE: LUV) from Equalweight to Underweight.

Morgan Stanley downgrades Hawaiian Holdings (NYSE: HA) from Overweight to Equalweight.

JPMorgan downgrades First Solar (Nasdaq: FSLR) from Overweight to Neutral.

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

NEW COVERAGE:
Deutsche Bank initiates coverage on Cisco Systems (Nasdaq: CSCO) with a Buy rating and $26 price target.

Morgan Stanley initiates coverage on Delta Air Lines (NYSE: DAL) with an Overweight, citing valuation after recent selling pressure.

JP Morgan initiates coverage on Energy Conversion Devices, Inc. (Nasdaq: ENER) with an Overweight rating and $28.50 price target.

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

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Stocks Mentioned

CAL 15.67

+0.71 +4.75%
Volume: 9,344,806
Track CAL

CSCO 23.87

-0.05 -0.21%
Volume: 30,985,474
Track CSCO

DAL 9.29

+0.67 +7.77%
Volume: 18,165,855
Track DAL

DYN 1.90

-0.02 -1.04%
Volume: 9,561,812
Track DYN

ENER 10.25

-0.22 -2.10%
Volume: 1,595,038
Track ENER

ESLR 1.49

+0.03 +2.05%
Volume: 1,611,711
Track ESLR

EXFO 3.73

+0.04 +1.08%
Volume: 7,642
Track EXFO

FSLR 121.71

-0.31 -0.25%
Volume: 1,104,157
Track FSLR

HA 6.77

+0.26 +3.99%
Volume: 619,065
Track HA

LUV 9.41

+0.06 +0.64%
Volume: 10,963,611
Track LUV

SPWRA 21.53

-0.09 -0.42%
Volume: 2,327,106
Track SPWRA

TTWO 11.31

-0.09 -0.79%
Volume: 1,432,305
Track TTWO


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