JA Solar (JASO) (AEP) (TDW) (SHAW) (NLY) (ASBC) Ratings, Price Targets

JA Solar (JASO), American Electric Power (AEP), Tidewater Inc. (TDW), Shaw Group (SHAW), Annaly Capital Management, Inc. (NLY) and Associated Banc-Corp (ASBC) had ratings and price targets on them adjusted by analysts.

Credit Suisse initiated coverage on JA Solar (JASO). They placed a "Neutral" rating on the company.

RBC Capital upgraded American Electric Power (AEP) from an "Underperform" rating to a "Sector Perform" rating.

Morgan Stanley initiated coverage on Tidewater Inc. (TDW). They placed an "Overweight" rating on the company.

Capital One upgraded Shaw Group (SHAW). They placed a "Neutral" rating on the company.

Sterne Agee downgraded Annaly Capital Management, Inc. (NLY) from a "Neutral" rating to a "Underperform" rating.

Morgan Stanley downgraded Associated Banc-Corp (ASBC) from an "Equal Weight" rating to a "Underweight" rating.

Tidewater (NYSE:TDW) Misses Estimate, Down 9.5 Percent

Tidewater (NYSE:TDW), which is the largest operator of oil driller supply ships, missed analysts' estimates for their quarterly earnings, and plunged over 9.5 percent on the day to $42.90; the lowest share price since March 2.

Revenue for the quarter dropped to $260 million, down from the $278 million that was expected.

Most of the decline in earnings came from reduced demand in ship utilization levels. For the quarter demand plummeted by 23 percent.

Earnings fell to $56.9 million, or $1.10 a share, almost only half of the $109.7 million, or $2.13 a share generated during the same quarter last year.

Volume for the day exploded, as it was far beyond the 3-month average of 885,686, rising to 4,504,171.