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

Related Categories

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Stocks Mentioned

Related Entities

• Goldman Sachs
• Bear Stearns
• Wachovia
• Soleil Securities
• ThinkEquity
• Friedman, Billings, Ramsey

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