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 12.77

+1.03 +8.77%
Volume: 11,533,613
Track CAL

CSCO 23.82

-0.11 -0.46%
Volume: 36,619,192
Track CSCO

DAL 7.79

+0.46 +6.28%
Volume: 9,312,552
Track DAL

DYN 1.93

-0.12 -5.85%
Volume: 13,992,330
Track DYN

ENER 11.49

+0.04 +0.35%
Volume: 1,449,851
Track ENER

ESLR 1.42

-0.13 -8.39%
Volume: 4,514,082
Track ESLR

EXFO 3.69

-0.03 -0.81%
Volume: 3,565
Track EXFO

FSLR 117.93

-2.83 -2.34%
Volume: 2,949,877
Track FSLR

HA 7.00

+0.18 +2.64%
Volume: 388,747
Track HA

LUV 8.65

+0.29 +3.47%
Volume: 13,939,970
Track LUV

SPWRA 26.60

-0.05 -0.19%
Volume: 1,699,257
Track SPWRA

TTWO 11.41

-0.01 -0.09%
Volume: 746,930
Track TTWO


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