Disney (DIS) (UPL) (CAAS) (JRCC) (PAET) (GMR) Downgraded

Walt Disney (NYSE: DIS), Ultra Petroleum Corp. (NYSE: UPL), China Automotive Systems Inc. (NASDAQ: CAAS), James River Coal Company (NASDAQ: JRCC), PAETEC Holding Corp. (NASDAQ: PAET) and General Maritime Co. (NYSE: GMR) downgraded by analysts.

Ultra Petroleum Corp. (UPL) was downgraded by Howard Weil from an “Outperform” rating to a “Market Perform” rating. They have a price target of $55.00 on the company.

China Automotive Systems Inc. (CAAS) was downgraded by Maxim Group from a “Buy” rating to a “Hold” rating.

Walt Disney (DIS) was downgraded by Wunderlich from a “Buy” rating to a “Hold” rating. They have a price target of $39.00 on the company, down from $42.00.

James River Coal Company (JRCC) was downgraded by Brean Murray from a “Buy” rating to a “Hold” rating.

PAETEC Holding Corp. (PAET) was downgraded by RBC Capital from an “Outperform” rating to a “Sector Perform” rating. They have a price target of $5.00 on the company, down from $6.00.

General Maritime Co. (GMR) was downgraded by FBR Capital from an “Outperform” rating to a “Market Perform” rating.

Ratings on (ZUMZ) (GMR) (MDSO) and (NFLX) Reiterated

Ratings on Zumiez (NASDAQ: ZUMZ), General Maritime Co. (NYSE: GMR), Medidata Solutions, Inc. (NASDAQ: MDSO) and Netflix, Inc. (NASDAQ: NFLX) were reiterated by analysts.

Jefferies (NYSE:JEF) reiterated a “hold” rating on shares of Zumiez (ZUMZ).

Sterne Agee reiterated a “neutral” rating on General Maritime Co. (GMR). They have a price target of $2.00 on the company.

Auriga reiterated a “buy” rating on Medidata Solutions, Inc. (MDSO). They have a price target of $32.00 on the company.

Piper Jaffray reiterated an “overweight” rating on Netflix, Inc. (NFLX). They have a price target of $280.00 on the company.

Ratings on (JPM) (GMR) (HTHT) (INFI) (IVR) Reiterated

Ratings on JPMorgan Chase & Co. (NYSE: JPM), General Maritime Co. (NYSE: GMR), China Lodging Group (NASDAQ: HTHT), Infinity Pharmaceuticals Inc (NASDAQ: INFI) and Invesco Mortgage Capital Inc (NYSE: IVR) were reiterated by analysts.

Morgan Stanley (NYSE:MS) reiterated an “overweight” rating on JPMorgan Chase & Co. (JPM). They have a price target of $61.00 on the company.

Dahlman Rose reiterated a “hold” rating on General Maritime Co. (GMR).

Oppenheimer reiterated an “outperform” rating on China Lodging Group (HTHT). They have a price target of $27.00 on the company.

Jefferies (NYSE:JEF) reiterated a “buy” rating on Infinity Pharmaceuticals Inc (INFI). They have a price target of $8.00 on the company.

Wunderlich reiterated a “buy” rating on Invesco Mortgage Capital Inc (IVR).

JPMorgan (NYSE:JPM) Downgrades General Maritime (NYSE:GMR), Frontline (NYSE:FRO), Overseas Shipholding (NYSE:OSG), Nordic American (NYSE:NAT)

The shipping industry has been under pressure lately, and in response, JPMorgan (NYSE:JPM) downgraded General Maritime (NYSE:GMR), Frontline (NYSE:FRO), Overseas Shipholding (NYSE:OSG), and Nordic American Tanker (NYSE:NAT).

JPMorgan did have one upgrade in the sector, DHT Holdings (NYSE:DHT), which they boosted from "Neutral" to "Overweight." DHT Holdings closed Friday at $4.98, up $0.08, or 1.63 percent. JPMorgan raised their price target on them from $5.50 to $6.50.

Nordic American Tanker (NAT) was downgraded from "Neutral" to "Underweight." They closed Friday at $24.46, down $1.18, or 4.60 percent. JPMorgan lowered their price target on them from $27 to $22

General Maritime (GMR) was downgraded from "Overweight" to "Neutral." They closed Friday at $2.98, falling 0.19, or 5.99 percent.

Frontline (FRO) was downgraded from "Overweight" to "Underweight." They closed at $24.93, down $0.68, or 2.66 percent. Their price target was cut from $34 to $23

Overseas Shipholding (OSG) was downgraded from "Overweight" to "Underweight." They closed Friday at $32.73, dropping $1.18, or 3.48 percent. JPMorgan cut their price on them from $41 to $29.

General Maritime (NYSE:GMR) Removes Liquidity Uncertainty with Asset Sale Announcement

Any concerns over the liquidity of General Maritime (NYSE:GMR) could be laid to rest on the news they're going to sell three refined products tankers for $61.7 million, and then lease them back.

Jefferies said, "GMR shares have significant upside potential with the Company's recent asset sale announcement alleviating any near-term liquidity uncertainties and the Company's significant spot market exposure positioning General Maritime to benefit from an anticipated improvement in crude tanker charter rates in 2H11."

In response, Jefferies raised their full year 2011 EPS estimate on General Maritime from $0.52 to $0.58,

Jefferies maintains their "Buy" rating on General Maritime (GMR), which closed Wednesday at $3.23, dropping $0.12, or 3.53 percent. Jefferies lowered their price target on GMR from $6 to $5.

General Maritime (NYSE:GMR) Amends Credit Facility

General Maritime (NYSE:GMR) announced recently it has amended its senior secured credit facility and revolving credit facility; considered a positive development by FBR Capital.

FBR said, "General Maritime announced yesterday that it amended its $372 million senior secured credit facility and $750 million revolving credit facility. We view this as a positive development for General Maritime. The amendment raises the Net Debt/EBITDA requirement, eliminating a near-term overhang on GMR shares. The announcement also provides yet another example of General Maritime's strong relationship with its bank."

FBR Capital maintains an "Outperform" on General Maritime, which closed Thursday at $3.51, level with its Wednesday close.

Wells Fargo (NYSE:WFC) Downgraded General Maritime (NYSE:GMR) on Limited Upside

A soft tanker market and eroding leverage will limit General Maritime (NYSE:GMR) in the near term, according to Wells Fargo (NYSE:WFC), and they lowered their rating on them from "Outperform" to "Market Perform."

"We are downgrading GMR as we believe the continued erosion of GMR's market leverage though trough-level charters, and GMR's sizeable interest burden outweigh its leverage to an eventual improvement in the tanker market. While GMR's recent dividend cut and $22.8 million bridge loan give the company some near-term flexibility, we believe the combination of a soft tanker market and forced asset sales could put additional downward pressure on GMR's NAV, which would likely drive downside for shares," said Wells.

General Maritime was trading at $4.22, up by $0.05, or 1.20 percent as of 12:56 PM EDT.