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Notable Analyst Rating Changes 05/04: (FSLR) (SNY) (FE) Upgraded; (MEE) (NSC) (MYL) Downgraded

May 4, 2011 10:54 AM EDT
UPGRADES
Auriga upgrades First Solar (Nasdaq: FSLR) from Hold to Buy with a $160 price target. Click Here for more color.

BofA/Merrill Lynch lifts Sanofi-Aventis (NYSE: SNY) from Netural to Buy. Click Here for more color.

Soleil Securities ups FirstEnergy Corp. (NYSE: FE) from Hold to Buy, with a price target increased from $36 to $48. Click Here for more color.

Chesapeake Energy (NYSE: CHK) upgraded by two today:
  • CapitalOne from Hold to Add; and

  • Howard Weil from Market Perform to Market Outperform, with a price target increased from $34 to $39.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades

DOWNGRADES
Dahlman Rose lowers Massey Energy Co. (NYSE: MEE) from Buy to Hold. Click Here for more color.

Jefferies downgrades Norfolk Southern (NYSE: NSC) from Buy to Hold while maintaining a $78 price target. Click Here for more color.

Morgan Stanley cuts Mylan (Nasdaq: MYL) from Overweight to Equalweight.

Raymond James downgraded ANADIGICS (Nasdaq: ANAD) from Market Perform to Underperform.

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

NEW COVERAGE
ServiceSource International, Inc. (Nasdaq: SREV) gets its wings from several firms today:
  • Deutsche Bank with a Buy, and $20 price target. Click Here for more color;

  • Piper Jaffray with an Overweight, and price target of $17;

  • William Blair with an Outperform;

  • Morgan Stanley at Overweight, and a price target of $16; and

  • Lazard Capital with a Buy, and $15 price target.
Auriga assumes Myriad Genetics (Nasdaq: MYGN) at Buy rating and $27 price target. Click Here for more color.

UBS initiates a few big names in the financial services and banking sector:
  • Citigroup (NYSE: C) with a Buy rating and a $5.60 price target;
  • Goldman Sachs (NYSE: GS) at Buy rating and a $200 price target;
  • JPMorgan (NYSE: JPM) with a Buy rating and a $54 price target;
  • Bank of America (NYSE: BAC) at Neutral rating and a $13.50 price target; and
  • Morgan Stanley (NYSE: MS) with a Neutral rating and a $28 price target.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage

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Piper Jaffray, Deutsche Bank, UBS, William Blair, JPMorgan, Citi, Raymond James, Morgan Stanley, Jefferies & Co, Soleil Securities, Lazard, Notable Analyst Rating Changes, Vanguard, Auriga