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 13.43

-0.04 -0.30%
Volume: 21,261,031
Track AA

APC 64.98

-0.46 -0.70%
Volume: 3,470,083
Track APC

BIG 25.80

+0.20 +0.78%
Volume: 1,126,765
Track BIG

FCX 82.94

+0.37 +0.45%
Volume: 14,291,957
Track FCX

FRZ 4.17

-0.10 -2.34%
Volume: 151,501
Track FRZ

MDT 40.10

+0.55 +1.39%
Volume: 7,332,239
Track MDT

SD 10.23

-0.03 -0.29%
Volume: 3,352,569
Track SD

TJX 39.14

-0.04 -0.10%
Volume: 3,500,781
Track TJX

VMW 41.35

-0.25 -0.60%
Volume: 1,216,853
Track VMW


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