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 15.92

+0.00 +0.00%
Volume: 6,211,395
Track CAL

CSCO 23.83

+0.00 +0.00%
Volume: 35,485,393
Track CSCO

DAL 9.38

+0.00 +0.00%
Volume: 11,087,693
Track DAL

DYN 1.95

+0.00 +0.00%
Volume: 9,718,943
Track DYN

ENER 10.41

+0.00 +0.00%
Volume: 3,174,774
Track ENER

ESLR 1.50

+0.00 +0.00%
Volume: 2,493,095
Track ESLR

EXFO 3.66

+0.00 +0.00%
Volume: 1,200
Track EXFO

FSLR 128.12

+0.00 +0.00%
Volume: 5,305,949
Track FSLR

HA 6.80

+0.00 +0.00%
Volume: 522,171
Track HA

LUV 9.51

+0.00 +0.00%
Volume: 8,600,078
Track LUV

SPWRA 22.51

+0.00 +0.00%
Volume: 3,491,547
Track SPWRA

TTWO 10.92

+0.00 +0.00%
Volume: 1,100
Track TTWO


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