Notable Analyst Rating Changes 10/07: NOK, ALU, FCX, TU Upgraded; FSLR, SPWR, DIS, IBM, FRX Downgraded

October 7, 2008 9:51 AM EDT

UPGRADES:
Morgan Stanley upgrades Nokia (NYSE: NOK) and Alcatel-Lucent (NYSE: ALU) to Overweight, citing valuation after recent stock declines.

Friedman Billings upgrades Freeport-McMoRan (NYSE: FCX) from Market Perform to Outperform but lowered their price target from $115 to $85 price target, citing valuation.

UBS upgrades TELUS Corporation (NYSE: TU) from Neutral to Buy.

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

DOWNGRADES:
Goldman Sachs downgrades First Solar (Nasdaq: FSLR) from Buy to Sell.

Goldman Sachs downgrades SunPower Corporation (Nasdaq: SPWRA) (Nasdaq: SPWR) from Buy to Sell.

Merrill Lynch downgraded Walt Disney (NYSE: DIS) from Neutral to Underperform

Barclays Capital downgrades IBM (NYSE: IBM) from Overweight to Equal Weight and lowers its price target from $130 to $108

JPMorgan downgrades Forest Laboratories Inc. (NYSE: FRX) from Neutral to Underweight.

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

NEW COVERAGE:
Cantor Fitzgerald initiates coverage on DayStar Technologies, Inc. (Nasdaq: DSTI) with a Buy. Price target $5.

JP Morgan initiates coverage on Harley-Davidson, Inc. (NYSE: HOG) with a Neutral rating.

Morgan Stanley initates coverage on Interpublic Group of Companies Inc. (NYSE: IPG) with an Underweight rating.

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


Related Categories

Special Reports

Stocks Mentioned

ALU 3.64

-0.32 -8.08%
Volume: 30,058,744
Track ALU

DIS 29.12

+0.12 +0.41%
Volume: 16,938,180
Track DIS

DSTI 0.34

-0.02 -5.56%
Volume: 370,157
Track DSTI

FCX 82.57

-0.63 -0.76%
Volume: 15,444,599
Track FCX

FRX 28.86

-0.09 -0.31%
Volume: 1,572,523
Track FRX

FSLR 119.90

+0.40 +0.33%
Volume: 2,282,672
Track FSLR

HOG 26.98

-0.09 -0.33%
Volume: 2,805,855
Track HOG

IBM 126.91

+0.91 +0.72%
Volume: 6,444,507
Track IBM

IPG 6.70

-0.07 -1.03%
Volume: 3,999,470
Track IPG

NOK 13.45

-0.12 -0.88%
Volume: 26,695,021
Track NOK

SPWR 60.75

+0.00 +0.00%
Volume: 3,741,039
Track SPWR

SPWRA 27.19

-0.26 -0.95%
Volume: 1,672,956
Track SPWRA

TU 30.22

+0.02 +0.07%
Volume: 121,156
Track TU


Related Entities


Add Your Comment