Notable Analyst Rating Changes 4/16: TSL, MOV, DIOD Upgraded; STT, MO, SLM Downgraded
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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- Piper Jaffray
- JPMorgan
- Morgan Stanley
- Merrill Lynch
- Lehman Brothers
- Friedman, Billings, Ramsey
- Morgan Joseph
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