Notable Analyst Rating Changes 06/02: (AFFX) (JNJ) (DV) Upgraded; (GIS) (ES) (SRE) Downgraded

UPGRADES
Baird upgrades Affymetrix (Nasdaq: AFFX) from Neutral to Outperform, increasing their price target from $6 to $11.

First Global boosts Johnson & Johnson (NYSE: JNJ) from Market Perform to Moderate Outperform. Click Here for more color.

BofA Merrill Lynch lifts DeVry (NYSE: DV) from Neutral to Buy, setting a $68 price target.

Standpoint Research ups Microsoft (Nasdaq: MSFT) from Hold to Buy with a $29 price target. Click Here for more color.

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

DOWNGRADES
UBS downgrades General Mills (NYSE: GIS) from Buy to Neutral.

Wedbush lowers EnergySolutions (NYSE: ES) from Outperform to Neutral, cutting its price target from $7.50 to $5.50. Click Here for more color.

JPMorgan lowers Sempra Energy (NYSE: SRE) from Overweight to Neutral, slicing their price target from $63 to $58.

Jefferies reduces AstraZeneca (NYSE: AZN) from Hold to Underperform and cut its price target from 2,900p to 2,600p. Click Here for more color.

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

NEW COVERAGE
Goldman Sachs initiates Dendreon (Nasdaq: DNDN) with a Buy rating and $50 price target. Click Here for more color.

Leerink Swann begins Regeneron Pharma (Nasdaq: REGN) with an Outperform. Click Here for more color.

Merriman Curhan Ford starts RealD (NYSE: RLD) at Buy and price target range of $29 - $35.

UBS initiates Mechel (NYSE: MTL) with a Buy.

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

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