Notable Analyst Rating Changes 7/2: ESLR, TTWO, CAL Upgraded; DYN, LUV, FSLR Downgraded

July 2, 2009 10:03 AM EDT

UPGRADES:

JP Morgan upgrades Evergreen Solar Inc. (Nasdaq: ESLR) from Underweight to Overweight and raises their price target to $5.

Thomas Weisel upgrades EXFO Electro-Optical (Nasdaq: EXFO) from Marketweight to Overweight. Price target $4.

JPMorgan upgrades SunPower (Nasdaq: SPWRA) from Underweight to Neutral.

Morgan Stanley upgrades Continental Airlines (NYSE: CAL) from Equalweight to Overweight. Price target $12.

Kaufman Bros upgrades Take-Two Interactive Software (Nasdaq: TTWO) from Hold to Buy and raised their price target from $8 to $14.

For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades

DOWNGRADES:
UBS downgrades Dynegy (NYSE: DYN) from Neutral to Sell with a downside price target of $1.80. Shares of DYN closed at $2.29 yesterday.

Morgan Stanley downgrades Southwest Airlines (NYSE: LUV) from Equalweight to Underweight.

Morgan Stanley downgrades Hawaiian Holdings (NYSE: HA) from Overweight to Equalweight.

JPMorgan downgrades First Solar (Nasdaq: FSLR) from Overweight to Neutral.

For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades

NEW COVERAGE:
Deutsche Bank initiates coverage on Cisco Systems (Nasdaq: CSCO) with a Buy rating and $26 price target.

Morgan Stanley initiates coverage on Delta Air Lines (NYSE: DAL) with an Overweight, citing valuation after recent selling pressure.

JP Morgan initiates coverage on Energy Conversion Devices, Inc. (Nasdaq: ENER) with an Overweight rating and $28.50 price target.

For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage

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Stocks Mentioned

CAL 14.96

+0.70 +4.91%
Volume: 7,156,291
Track CAL

CSCO 23.92

+0.52 +2.22%
Volume: 39,946,805
Track CSCO

DAL 8.62

+0.43 +5.25%
Volume: 12,252,363
Track DAL

DYN 1.92

+0.11 +6.08%
Volume: 19,790,331
Track DYN

ENER 10.47

+0.55 +5.54%
Volume: 3,566,253
Track ENER

ESLR 1.46

+0.06 +4.29%
Volume: 1,721,474
Track ESLR

EXFO 3.69

+0.01 +0.27%
Volume: 14,800
Track EXFO

FSLR 122.02

+2.91 +2.44%
Volume: 2,124,919
Track FSLR

HA 6.51

+0.27 +4.33%
Volume: 547,683
Track HA

LUV 9.35

+0.15 +1.63%
Volume: 11,216,133
Track LUV

SPWRA 21.62

+0.95 +4.60%
Volume: 3,347,243
Track SPWRA

TTWO 11.40

+0.15 +1.33%
Volume: 971,169
Track TTWO


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