Notable Analyst Rating Changes 9/3: X, UTX, BP, ARQL Upgraded; CAG, TWX, LLTC, CRDN Downgraded

September 3, 2008 9:45 AM EDT

UPGRADES:
CIBC upgrades U.S. Steel (NYSE: X) from Sector Perform to Outperform.

UBS upgrades United Technologies (NYSE: UTX) from Neutral to Buy, saying the stock is a performer in periods of economic weakness.

Goldman Sachs upgrades BP (NYSE: BP) from Neutral to Buy and adds the stock to their Conviction Buy List.

Banc of America upgrades ArQule (Nasdaq: ARQL) from Neutral to Buy.

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

DOWNGRADES:
J.P. Morgan downgrades ConAgra Foods (NYSE: CAG) from Overweight to Neutral.

Sanford Bernstein downgrades Time Warner (NYSE: TWX) from Outperform to Market Perform.

Goldman Sachs downgrades Linear Technology Corp. (Nasdaq: LLTC) from Buy to Neutral with a $38 price target.

Wachovia Securities downgrades Ceradyne (Nasdaq: CRDN) from Market Perform to Underperform.

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

NEW COVERAGE:
Jesup & Lamont initiates coverage on Home Depot (NYSE: HD) with a Hold.

Jesup & Lamont initiates coverage on Lowe's (NYSE: LOW) with a Buy. Price target $30.

Piper Jaffray initiates coverage on GT Solar International, Inc. (Nasdaq: SOLR) with a Buy rating and $15 price target.

Soleil Securities initiates coverage on Campbell Soup (NYSE: CPB) with a Buy - Top Pick in Group. Price target $44.

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


Related Categories

Special Reports

Stocks Mentioned

ARQL 3.35

+0.04 +1.21%
Volume: 446,416
Track ARQL

BP 43.33

-2.00 -4.41%
Volume: 8,969,821
Track BP

CAG 13.80

-0.19 -1.36%
Volume: 4,216,027
Track CAG

CPB 29.58

-0.77 -2.54%
Volume: 2,556,023
Track CPB

CRDN 25.92

-0.58 -2.19%
Volume: 480,764
Track CRDN

HD 23.22

+0.46 +2.02%
Volume: 30,083,547
Track HD

LLTC 19.45

-0.57 -2.85%
Volume: 6,897,459
Track LLTC

LOW 21.48

+0.22 +1.03%
Volume: 31,170,442
Track LOW

SOLR 2.95

-0.15 -4.84%
Volume: 393,526
Track SOLR

TWX 9.48

+0.37 +4.06%
Volume: 43,665,962
Track TWX

UTX 47.16

-0.16 -0.34%
Volume: 9,719,405
Track UTX

X 26.72

-0.91 -3.29%
Volume: 8,395,599
Track X


Related Entities


Add Your Comment