Notable Analyst Rating Changes 07/08: (TJX) (FTR) (WDC) Upgraded; (GOOG) (SOL) (WFR) Downgraded

July 8, 2011 11:11 AM EDT
UPGRADES
TJX Companies (NYSE: TJX) upgraded by two today:
  • Citi from Sell to Hold, boosting its price target from $46 to $56; and

  • Ticonderoga from Neutral to Buy, setting a new $65 price target.
Citadel Securities lifts Frontier Communications (NYSE: FTR) to Add, it's price target increased from $8 to $9.50. Click Here for more color.

FBN Securities raises Western Digital Corp. (NYSE: WDC) from Sector Perform to Outperform, its price target increased from $42 to $45.

Laurentian Bank upgraded Avalon Rare Metals (NYSE: AVL) from Hold to Buy, its price target raised slightly to $8.80. Click Here for more color.

BMO Capital upgrades Bank of Montreal (NYSE: BMO) to an Outperform rating from Market Perform.

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

DOWNGRADES
Morgan Stanley lowers Google (Nasdaq: GOOG) to Equal-Weight from Overweight with a $600 price target (prev. $645). Click Here for more color.

Goldman Sachs cuts ReneSola (NYSE: SOL) from Neutral to Sell, it's price target slashed from $12 to $4. Click Here for more color.

Ticonderoga reduces MEMC Electronic Materials (NYSE: WFR) from Buy to Neutral.

Goldman Sachs downgrades Yingli Green Energy (NYSE: YGE) from Neutral to Sell Friday morning, also cut the stock's price target from $11.90 to $8. Click Here for more color.

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

NEW COVERAGE
MGM Mirage (NYSE: MGM) started by two today:
  • CLSA at Outperform rating and $16 price target; and

  • Morgan Stanley with a Equalweight rating and $17 price target.
Deutsche Bank initiates Johnson & Johnson (NYSE: JNJ) with a Hold, and $73 price target. Click Here for more color.

JPMorgan begins Geron Corporation (Nasdaq: GERN) with an Overweight, and $6 price target.

Credit Suisse commences coverage on Avon Products (NYSE: AVP) with a Neutral rating.

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

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Credit Suisse, Deutsche Bank, JPMorgan, Citi, Morgan Stanley, BMO Capital, Notable Analyst Rating Changes, Dividend