Friday, April 1, 2011

Analyst Actions: JASO, BIDU, AMR, NOK, SNE, LCC

JA Solar Holdings Co., Ltd. (NASDAQ: JASO): Macquarie this morning downgraded its rating to Neutral from Outperform. The firm lowered its price target to $8 from $11. (NASDAQ: BIDU): Mizuho on Friday downgraded its rating on the company to Hold from Buy.

AMR Corp. (NYSE: AMR): JP Morgan on Friday lowered its rating on the company to Neutral from Overweight. The firm cut its price target on the stock to $8.50 from $11.

Nokia Corp. (MNYSE: NOK): Nomura cut its rating on the company to Reduce from Neutral.

Sony Corp. (NYSE: SNE): Goldman Sachs downgraded its rating on Sony to Neutral from Buy, citing the impact from the Japanese earthquake and LCD TV demand. In a research note to clients, the firm wrote, "We see a relatively large direct impact and a surprisingly large indirect impact on Sony. Production bottlenecks may cause opportunity losses as Sony is very dependent on external sources for the semiconductors used in its LCD TVs and digital cameras."

US Airways (NYSE: LCC): JP Morgan upgraded its rating on the company to Overweight from Neutral. 

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