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 20.95

+0.00 +0.00%
Volume: 12,607
Track ACTL

DIOD 25.48

+0.00 +0.00%
Volume: 323
Track DIOD

MO 29.21

+0.00 +0.00%
Volume: 900
Track MO

MOV 18.85

+0.00 +0.00%
Volume: 49,439
Track MOV

PM 80.44

+0.00 +0.00%
Volume: 200
Track PM

SLM 15.88

+0.00 +0.00%
Volume: 2,056
Track SLM

STT 40.66

+0.00 +0.00%
Volume: 28,008
Track STT

TSL 10.15

+0.00 +0.00%
Volume: 88,851
Track TSL

YGE 5.34

+0.00 +0.00%
Volume: 49,950
Track YGE


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