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 35.00

+0.00 +0.00%
Volume: 1,886,863
Track AIV

AWK 19.52

+0.00 +0.00%
Volume: 771,747
Track AWK

BXP 81.34

+0.00 +0.00%
Volume: 3,794,778
Track BXP

CLP 16.35

+0.00 +0.00%
Volume: 921,895
Track CLP

DO 88.20

+0.00 +0.00%
Volume: 2,906,905
Track DO

DRE 19.35

+0.00 +0.00%
Volume: 3,005,453
Track DRE

ENER 54.03

+0.00 +0.00%
Volume: 3,336,650
Track ENER

FPO 15.35

+0.00 +0.00%
Volume: 258,974
Track FPO

GS 124.00

+0.00 +0.00%
Volume: 21,370,632
Track GS

IPI 21.87

+0.00 +0.00%
Volume: 2,803,651
Track IPI

LDK 24.70

+0.00 +0.00%
Volume: 3,998,730
Track LDK

MPG 6.00

+0.00 +0.00%
Volume: 811,065
Track MPG

NILE 38.49

+0.00 +0.00%
Volume: 250,764
Track NILE

O 23.31

+0.00 +0.00%
Volume: 2,235,390
Track O

OFC 31.47

+0.00 +0.00%
Volume: 1,320,313
Track OFC

SOL 8.56

+0.00 +0.00%
Volume: 3,588,435
Track SOL

TSO 12.22

+0.00 +0.00%
Volume: 12,361,613
Track TSO

YGE 8.48

+0.00 +0.00%
Volume: 3,539,505
Track YGE


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