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 16.74

+0.82 +5.15%
Volume: 8,733,249
Track CAL

CSCO 24.16

+0.33 +1.38%
Volume: 49,537,567
Track CSCO

DAL 9.94

+0.56 +5.97%
Volume: 21,421,471
Track DAL

DYN 2.02

+0.07 +3.59%
Volume: 9,717,024
Track DYN

ENER 10.17

-0.24 -2.31%
Volume: 2,445,091
Track ENER

ESLR 1.55

+0.05 +3.33%
Volume: 4,256,308
Track ESLR

EXFO 3.68

+0.02 +0.55%
Volume: 1,600
Track EXFO

FSLR 129.62

+1.50 +1.17%
Volume: 3,731,210
Track FSLR

HA 7.06

+0.26 +3.82%
Volume: 470,540
Track HA

LUV 10.23

+0.72 +7.57%
Volume: 33,018,998
Track LUV

SPWRA 22.31

-0.20 -0.89%
Volume: 3,421,916
Track SPWRA

TTWO 7.74

-3.18 -29.12%
Volume: 52,790,348
Track TTWO


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