Notable Analyst Rating Changes 6/2: CAL, UFS, CHU, ISRG Upgraded; JNPR, KAI, AVAV, GGC Downgraded

June 2, 2009 10:08 AM EDT

UPGRADES:
JP Morgan upgrades Continental (NYSE: CAL) from Neutral to Overweight with a $13 price target, citing valuation after recent sell-off.

Credit Suisse upgrades Domtar (NYSE: UFS) from Neutral to Outperform.

UBS upgrades China Unicom (NYSE: CHU) from Neutral to Buy.

Needham upgrades Intuitive Surgical, Inc. (Nasdaq: ISRG) from Hold to Buy with a $180 price target.

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

DOWNGRADES:
UBS downgrades Juniper (Nasdaq: JNPR) from Buy to Neutral, citing valuaiton.

J.P. Morgan downgrades Kadant (NYSE: KAI) from Overweight to Neutral.

Stifel Nicolaus downgrades AeroVironment (Nasdaq: AVAV) from Buy to Hold.

BB&T Capital downgrades Georgia Gulf (NYSE: GGC) from Hold to Underweight.

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

NEW COVERAGE:
Roth Capital initiates coverage on Wendy’s/Arby’s Group (NYSE: WEN) with a Hold. Price target $5.

Thomas Weisel initiates coverage on Forest Labs (NYS: FRX) with a Marketweight. Price target $26.

Cowen & Co initiates coverage on Costco (Nasdaq: COST) with a Neutral.

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


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Stocks Mentioned

AVAV 27.94

-0.02 -0.07%
Volume: 161,820
Track AVAV

CAL 12.77

+1.03 +8.77%
Volume: 11,533,613
Track CAL

CHU 13.93

+0.12 +0.87%
Volume: 2,520,249
Track CHU

COST 59.41

+0.00 +0.00%
Volume: 2,749,263
Track COST

GGC 14.95

+0.03 +0.20%
Volume: 251,392
Track GGC

ISRG 256.00

-3.91 -1.50%
Volume: 451,795
Track ISRG

JNPR 25.06

+0.00 +0.00%
Volume: 7,663,091
Track JNPR

KAI 16.21

+0.28 +1.76%
Volume: 68,408
Track KAI

UFS 49.20

-0.19 -0.38%
Volume: 995,868
Track UFS

WEN 4.45

+0.14 +3.25%
Volume: 8,948,954
Track WEN


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