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 29.10

-0.63 -2.12%
Volume: 492,288
Track AVAV

CAL 16.74

+0.82 +5.15%
Volume: 8,733,249
Track CAL

CHU 13.09

-0.15 -1.13%
Volume: 2,561,312
Track CHU

COST 59.19

+0.17 +0.29%
Volume: 4,936,873
Track COST

GGC 14.95

+0.01 +0.07%
Volume: 291,056
Track GGC

ISRG 292.00

+3.34 +1.16%
Volume: 524,554
Track ISRG

JNPR 25.06

+0.00 +0.00%
Volume: 6,467,118
Track JNPR

KAI 15.69

+0.34 +2.21%
Volume: 51,403
Track KAI

UFS 56.45

+0.71 +1.27%
Volume: 1,305,425
Track UFS

WEN 4.12

+0.02 +0.49%
Volume: 2,937,870
Track WEN


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