Notable Analyst Rating Changes 4/16: TSL, MOV, DIOD Upgraded; STT, MO, SLM Downgraded

April 16, 2008 9:22 AM EDT

StreetInsider.com Notable Analyst Rating Changes:

UPGRADES:
Friedman Billings upgrades Trina Solar (NYSE: TSL) from Underperform to Market Perform, citing decision to discontinue its in-house poly manufacturing. Price target increased from $25 to $48.

Morgan Joseph upgrades Movado Group (NYSE: MOV) from Hold to Buy. Price target $23.

Morgan Keegan upgrades Diodes (Nasdaq: DIOD) from Market Perform to Outperform, citing positive outlook from business sector and consumer sector may have bottomed.

DOWNGRADES:
Merrill Lynch downgrades State Street (NYSE: STT) from Buy to Neutral.

JP Morgan downgrades Altria (NYSE: MO) from Overweight to Neutral.

Morgan Stanley downgrades Sallie Mae (NYSE: SLM) from Equalweight to Underweight.

NEW COVERAGE:
Lehman Bros. initiates coverage on Yingli Green Energy (NYSE: YGE) with an Overweight. Price target $28.

JP Morgan initiates coverage on Philip Morris (NYSE: PM) with an Overweight rating.

Piper Jaffray initiates coverage on Actel (Nasdaq: ACTL) with a Buy.


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Stocks Mentioned

ACTL 11.02

-0.46 -4.01%
Volume: 138,690
Track ACTL

DIOD 16.18

-0.42 -2.53%
Volume: 231,227
Track DIOD

MO 26.35

+9.67 +57.97%
Volume: 445,496
Track MO

MOV 25.10

+14.86 +145.12%
Volume: 443,634
Track MOV

PM 25.08

-19.01 -43.12%
Volume: 447,136
Track PM

SLM 28.60

+18.68 +188.31%
Volume: 431,815
Track SLM

STT 25.13

-22.22 -46.93%
Volume: 444,144
Track STT

TSL 28.76

+3.07 +11.95%
Volume: 446,464
Track TSL

YGE 26.25

+12.09 +85.38%
Volume: 445,906
Track YGE


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