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 11.69

+0.42 +3.73%
Volume: 9,275
Track ACTL

DIOD 17.46

+0.75 +4.49%
Volume: 19,568
Track DIOD

MO 19.12

+0.05 +0.26%
Volume: 2,764,756
Track MO

MOV 11.08

+0.07 +0.64%
Volume: 8,590
Track MOV

PM 49.71

-0.12 -0.24%
Volume: 740,788
Track PM

SLM 10.80

+0.24 +2.27%
Volume: 282,765
Track SLM

STT 43.46

+0.56 +1.31%
Volume: 1,382,878
Track STT

TSL 39.62

+0.67 +1.72%
Volume: 189,127
Track TSL

YGE 12.94

+0.42 +3.35%
Volume: 746,918
Track YGE


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