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 12.95

+0.18 +1.41%
Volume: 6,880,504
Track CAL

CSCO 23.86

+0.04 +0.17%
Volume: 26,640,903
Track CSCO

DAL 7.79

+0.00 +0.00%
Volume: 5,066,446
Track DAL

DYN 1.97

+0.04 +2.07%
Volume: 5,668,557
Track DYN

ENER 11.08

-0.41 -3.57%
Volume: 1,684,636
Track ENER

ESLR 1.42

+0.00 +0.00%
Volume: 1,470,515
Track ESLR

EXFO 3.78

+0.09 +2.44%
Volume: 1,370
Track EXFO

FSLR 119.78

+1.85 +1.57%
Volume: 1,784,233
Track FSLR

HA 6.98

-0.02 -0.29%
Volume: 238,085
Track HA

LUV 8.90

+0.25 +2.89%
Volume: 5,306,099
Track LUV

SPWRA 27.35

+0.75 +2.82%
Volume: 771,952
Track SPWRA

TTWO 11.70

+0.29 +2.54%
Volume: 783,770
Track TTWO


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