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 3.40

+0.02 +0.59%
Volume: 132,131
Track ARQL

BP 58.33

-0.80 -1.35%
Volume: 4,827,673
Track BP

CAG 21.98

+0.27 +1.24%
Volume: 3,820,885
Track CAG

CPB 33.03

+0.31 +0.95%
Volume: 1,808,610
Track CPB

CRDN 17.26

+0.12 +0.70%
Volume: 95,251
Track CRDN

HD 27.31

+0.49 +1.83%
Volume: 18,715,986
Track HD

LLTC 27.29

+0.11 +0.40%
Volume: 3,198,727
Track LLTC

LOW 21.30

+0.29 +1.38%
Volume: 19,020,878
Track LOW

SOLR 4.80

+0.04 +0.84%
Volume: 1,356,111
Track SOLR

TWX 31.91

+0.21 +0.66%
Volume: 6,704,571
Track TWX

UTX 66.97

+0.24 +0.36%
Volume: 3,408,792
Track UTX

X 39.30

+1.22 +3.20%
Volume: 12,483,670
Track X


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