Analyst upgrades: Canadian Solar, Qimonda, Eagle Test Systems

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MOST NOTEWORTHY: Canadian Solar, Qimonda and Eagle Test Systems were today's noteworthy upgrades:
  • Oppenheimer upgraded shares of Canadian Solar (NASDAQ: CSIQ) to Outperform from Perform after channel checks indicated the company's internal cell ramp is proceeding on plan. They are more positive on shares following the recent pullback.
  • Qimonda (NYSE: QI) was upgraded to Buy from Neutral at UBS, as they expect the DRAM supply/demand to balance out in the second quarter 2008 followed by undersupply.
  • Broadpoint raised Eagle Test Systems (NASDAQ: EGLT) to Buy from Neutral after the company reported Q1 results.
OTHER DOWNGRADES:
  • EADS (OTC: EADSY) was upgraded to Buy from Sell at ABN Amro.
  • Jefferies upgraded Unisys (NYSE: UIS) to Hold from Underperform.
  • BEA Systems (NASDAQ: BEAS) was upgraded to Market Perform from Underperform at Bernstein.
Symbol Lookup
IndexesChangePrice
DJIA+150.2510,058.64
NASDAQ+24.822,150.87
S&P 500+13.781,070.52

Last updated: February 10, 2010: 09:06 AM

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