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


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Stocks Mentioned

ARQL 3.95

+0.09 +2.33%
Volume: 123,398
Track ARQL

BP 57.86

+0.24 +0.42%
Volume: 4,363,679
Track BP

CAG 22.60

+0.15 +0.67%
Volume: 2,564,151
Track CAG

CPB 35.47

+0.12 +0.34%
Volume: 2,388,962
Track CPB

CRDN 18.10

+0.58 +3.31%
Volume: 369,252
Track CRDN

HD 28.08

+0.15 +0.54%
Volume: 16,845,444
Track HD

LLTC 27.99

+0.15 +0.54%
Volume: 3,652,262
Track LLTC

LOW 22.88

+0.40 +1.78%
Volume: 13,239,713
Track LOW

SOLR 5.01

-0.04 -0.79%
Volume: 1,590,142
Track SOLR

TWX 31.42

+0.31 +1.00%
Volume: 5,976,600
Track TWX

UTX 68.32

+1.06 +1.58%
Volume: 4,389,369
Track UTX

X 44.39

-0.56 -1.25%
Volume: 13,953,537
Track X


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