Notable Analyst Rating Changes 6/2: CAL, UFS, CHU, ISRG Upgraded; JNPR, KAI, AVAV, GGC Downgraded

June 2, 2009 10:08 AM EDT

UPGRADES:
JP Morgan upgrades Continental (NYSE: CAL) from Neutral to Overweight with a $13 price target, citing valuation after recent sell-off.

Credit Suisse upgrades Domtar (NYSE: UFS) from Neutral to Outperform.

UBS upgrades China Unicom (NYSE: CHU) from Neutral to Buy.

Needham upgrades Intuitive Surgical, Inc. (Nasdaq: ISRG) from Hold to Buy with a $180 price target.

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

DOWNGRADES:
UBS downgrades Juniper (Nasdaq: JNPR) from Buy to Neutral, citing valuaiton.

J.P. Morgan downgrades Kadant (NYSE: KAI) from Overweight to Neutral.

Stifel Nicolaus downgrades AeroVironment (Nasdaq: AVAV) from Buy to Hold.

BB&T Capital downgrades Georgia Gulf (NYSE: GGC) from Hold to Underweight.

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

NEW COVERAGE:
Roth Capital initiates coverage on Wendy’s/Arby’s Group (NYSE: WEN) with a Hold. Price target $5.

Thomas Weisel initiates coverage on Forest Labs (NYS: FRX) with a Marketweight. Price target $26.

Cowen & Co initiates coverage on Costco (Nasdaq: COST) with a Neutral.

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


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Stocks Mentioned

AVAV 28.07

-0.48 -1.68%
Volume: 67,309
Track AVAV

CAL 12.86

-0.21 -1.61%
Volume: 5,029,491
Track CAL

CHU 14.35

+0.02 +0.14%
Volume: 1,623,446
Track CHU

COST 59.94

-0.50 -0.83%
Volume: 2,048,939
Track COST

GGC 14.09

-0.76 -5.12%
Volume: 135,357
Track GGC

ISRG 266.17

+2.06 +0.78%
Volume: 213,686
Track ISRG

JNPR 25.06

+0.00 +0.00%
Volume: 10,305,257
Track JNPR

KAI 15.82

-0.78 -4.70%
Volume: 23,918
Track KAI

UFS 50.34

-0.16 -0.32%
Volume: 801,976
Track UFS

WEN 4.31

-0.11 -2.49%
Volume: 4,674,397
Track WEN


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