Notable Analyst Rating Changes 6/2: YGE, GS, TSO, DO Upgraded; SOL, LDK, DRE, BXP Downgraded

June 2, 2008 9:58 AM EDT

StreetInsider.com Notable Analyst Rating Changes:

UPGRADES:
Citi upgrades Yingli Green Energy (NYSE: YGE) from Hold to Buy. Price target increased from $24 to $30.

Merrill Lynch upgrades Goldman Sachs (NYSE: GS) from Neutral to Buy.

Deutsche Bank upgrades Tesoro Corporation (NYSE: TSO) from Sell to Hold with a $30 price target.

Calyon Securities upgrades Diamond Offshore Drilling Inc. (NYSE: DO) from Neutral to Add with a $156 price target.

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

DOWNGRADES:
Morgan Stanley downgrades ReneSola (NYSE: SOL) to Underweight from Equalweight.

Morgan Stanley downgades LDK Solar (NYSE: LDK) from Overweight to Equal Weight.

Merrill Lynch downgrades Apartment Investment & Management (NYSE: AIV), Boston Properties (NYSE: BXP), Colonial Properties (NYSE: CLP), Corporate Office Properties (NYSE: OFC), Duke Realty (NYSE: DRE), First Potomac Realty (NYSE: FPO), Maguire Properties (NYSE: MPG) and Realty Income (NYSE: O) from Neutral to Underperform.

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

NEW COVERAGE:
Citi, Wachovia and Goldman Sachs start American Water Works Company (NYSE: AWK) at Neutral, Market Perform and Neutral.

Goldman Sachs initiates coverage on Intrepid Potash (NYSE: IPI) with a Neutral rating.

Deutsche Bank initiates coverage on Blue Nile (NASDAQ: NILE) with a Hold rating and a $48 price target.

Lehman Bros. initiates coverage on Energy Conversion Devices (Nasdaq: ENER) with an Equalweight.

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


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Stocks Mentioned

AIV 34.67

-0.60 -1.70%
Volume: 604,009
Track AIV

AWK 21.05

-0.42 -1.96%
Volume: 38,063
Track AWK

BXP 99.14

-1.86 -1.84%
Volume: 399,443
Track BXP

CLP 18.57

-0.31 -1.64%
Volume: 130,490
Track CLP

DO 102.93

-1.59 -1.52%
Volume: 603,121
Track DO

DRE 24.78

-0.60 -2.36%
Volume: 423,112
Track DRE

ENER 62.73

-1.91 -2.95%
Volume: 1,032,159
Track ENER

FPO 16.99

-0.07 -0.41%
Volume: 54,109
Track FPO

GS 158.60

-2.30 -1.43%
Volume: 2,824,170
Track GS

IPI 36.30

-0.51 -1.39%
Volume: 767,314
Track IPI

LDK 43.36

-2.62 -5.70%
Volume: 1,041,775
Track LDK

MPG 10.68

-0.20 -1.84%
Volume: 33,980
Track MPG

NILE 38.11

-1.68 -4.22%
Volume: 186,732
Track NILE

O 24.74

-0.85 -3.32%
Volume: 444,124
Track O

OFC 38.45

-0.78 -1.99%
Volume: 106,509
Track OFC

SOL 14.89

-0.39 -2.55%
Volume: 509,142
Track SOL

TSO 17.33

-0.86 -4.73%
Volume: 1,622,032
Track TSO

YGE 14.73

-0.11 -0.74%
Volume: 497,580
Track YGE


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