Notable Analyst Rating Changes 06/07: (SINA) (RFMD) (PHM) Upgraded; (TPX) (JNPR) (PTEN) Downgraded

UPGRADES
Oppenheimer boosts SINA Corporation (Nasdaq: SINA) from Perform to Outperform with a price target of $70.

Davenport upgrades RF Micro Devices (Nasdaq: RFMD) from Neutral to Buy with a price target of $6.50.

FBR Capital raises PulteGroup (NYSE: PHM) from Market Perform to Outperform with a price target of $11.00 (from $10.00).

Macquarie moves Regions Financial (NYSE: RF) from Neutral to Outperform.

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

DOWNGRADES
Tempur-Pedic (NYSE: TPX) lowered by three firms today:

• William Blair from Outperform to Market Perform;
  
• Piper Jaffray from Overweight to Neutral with a price target of $22; and
  
• Wedbush from Outperform to Neutral with a price target of $25 (from $72). Click Here for more color.

Needham & Company downgrades (and transfers coverage on) Juniper Networks (NYSE: JNPR) from Buy to Hold. Click Here for more color.

Macquarie chops Patterson-UTI Energy (Nasdaq: PTEN) from Outperform to Neutral with a price target of $17.00 (from $18.00).

Wells Fargo cuts Invesco Mortgage Capital (NYSE: IVR) from Outperform to Market Perform, its price target range lowered from $18.50 to 20.50 to a range of $16.50 to $18.50. Click Here for more color.

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

NEW COVERAGE
Wells Fargo initiates MFA Mortgage (NYSE: MFA) with a Market Perform and price target range $7 to $8. Click Here for more color

Pritchard Capital starts EnCana Corp. (NYSE: ECA) with a Buy and $25 price target.

Wunderlich starts Chesapeake (NYSE: CHK) at Buy with a price target of $22.

Wells Fargo assumes Chimera Investment Corp (NYSE: CIM) with a Market Perform and price target rangte of $2 to $3. Click Here for more color.

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