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 15.56

+0.60 +4.01%
Volume: 6,016,222
Track CAL

CSCO 23.79

-0.13 -0.54%
Volume: 18,560,544
Track CSCO

DAL 9.15

+0.53 +6.15%
Volume: 11,461,180
Track DAL

DYN 1.95

+0.03 +1.56%
Volume: 4,736,704
Track DYN

ENER 10.17

-0.30 -2.87%
Volume: 802,888
Track ENER

ESLR 1.46

+0.00 +0.00%
Volume: 844,363
Track ESLR

EXFO 3.72

+0.03 +0.81%
Volume: 7,042
Track EXFO

FSLR 121.68

-0.34 -0.28%
Volume: 474,651
Track FSLR

HA 6.60

+0.09 +1.38%
Volume: 171,659
Track HA

LUV 9.39

+0.04 +0.43%
Volume: 4,517,726
Track LUV

SPWRA 21.36

-0.26 -1.20%
Volume: 814,423
Track SPWRA

TTWO 11.34

-0.06 -0.53%
Volume: 474,327
Track TTWO


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