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 11.95

+0.66 +5.85%
Volume: 79,078
Track ACTL

DIOD 19.72

+0.62 +3.25%
Volume: 194,339
Track DIOD

MO 19.32

+0.18 +0.94%
Volume: 16,608,129
Track MO

MOV 10.60

+0.22 +2.12%
Volume: 91,483
Track MOV

PM 49.82

+0.34 +0.69%
Volume: 8,208,159
Track PM

SLM 11.42

-0.13 -1.13%
Volume: 5,974,405
Track SLM

STT 41.68

+0.53 +1.29%
Volume: 5,399,966
Track STT

TSL 47.44

-0.83 -1.72%
Volume: 1,495,097
Track TSL

YGE 15.31

+0.22 +1.46%
Volume: 6,055,763
Track YGE


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