Notable Analyst Rating Changes 3/7: SD, APC, VMW Upgraded; AA, FCX, FRZ Downgraded

March 7, 2008 10:05 AM EST

StreetInsider.com Notable Analyst Rating Changes:

UPGRADES:
Bear Stearns upgrades SandRidge Energy (NYSE: SD) from Peer Perform to Outperform.

Goldman Sachs upgrades Anadarko Petroleum (NYSE: APC) from Sell to Neutral.

ThinkEquity upgrades VMware (NYSE: VMW) from Source of Funds to Accumulate. Price target $60.

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

DOWNGRADES:
Friedman Billings downgrades Alcoa (NYSE: AA) from Outperform to Market Perform, citing current valuation. Price target increased from $35 to $43.

Friedman Billings downgrades Freeport McMoRan (NYSE: FCX) from Outperform to Market Perform, citing current valuation. Price target $115.

Wachovia downgrades Reddy Ice Holdings, Inc. (NYSE: FRZ) from Outperform to Market Perform, after news federal officials executed a search warrant at the company's corporate office.

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

NEW COVERAGE:
Friedman Billings initiates coverage on Medtronic (NYSE: MDT) with a Market Perform. Price target $55.

Soleil Securities Group initiates coverage on The TJX Companies (NYSE: TJX) with a Hold rating.

Soleil Securities Group initiates coverage on Big Lots (NYSE: BIG) with a Buy rating and a $32 price target.

For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage


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Stocks Mentioned

AA 10.29

-0.35 -3.29%
Volume: 23,212,695
Track AA

APC 87.04

-0.42 -0.48%
Volume: 3,515,747
Track APC

BIG 44.00

+0.16 +0.36%
Volume: 583,347
Track BIG

FCX 44.94

-1.48 -3.19%
Volume: 16,387,540
Track FCX

FRZ 0.15

+0.00 +0.00%
Volume: 221,189
Track FRZ

MDT 39.73

-0.20 -0.50%
Volume: 5,206,044
Track MDT

SD 7.46

+0.01 +0.13%
Volume: 10,412,472
Track SD

TJX 34.36

-0.21 -0.61%
Volume: 2,218,482
Track TJX

VMW 94.48

-0.80 -0.84%
Volume: 1,065,869
Track VMW


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