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 35.44

-0.75 -2.07%
Volume: 1,102,558
Track AIV

AWK 22.95

+0.84 +3.80%
Volume: 1,008,904
Track AWK

BXP 102.47

-1.47 -1.41%
Volume: 1,219,747
Track BXP

CLP 18.91

+0.00 +0.00%
Volume: 397,557
Track CLP

DO 109.91

-2.03 -1.81%
Volume: 800,403
Track DO

DRE 25.03

-0.26 -1.03%
Volume: 1,112,901
Track DRE

ENER 75.17

-1.38 -1.80%
Volume: 2,701,198
Track ENER

FPO 16.61

-0.34 -2.01%
Volume: 99,298
Track FPO

GS 163.97

+2.14 +1.32%
Volume: 7,586,782
Track GS

IPI 47.36

+0.76 +1.63%
Volume: 946,134
Track IPI

LDK 51.26

+0.41 +0.81%
Volume: 2,293,249
Track LDK

MPG 11.32

-0.13 -1.14%
Volume: 482,732
Track MPG

NILE 41.63

-1.11 -2.60%
Volume: 154,261
Track NILE

O 25.68

-0.43 -1.65%
Volume: 540,807
Track O

OFC 39.10

-0.07 -0.18%
Volume: 326,127
Track OFC

SOL 18.95

+0.35 +1.88%
Volume: 1,950,463
Track SOL

TSO 18.55

+0.40 +2.20%
Volume: 5,259,975
Track TSO

YGE 18.01

+0.89 +5.20%
Volume: 2,190,713
Track YGE


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