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 6.04

-0.15 -2.42%
Volume: 278,050
Track ARQL

BP 25.13

-22.84 -47.61%
Volume: 447,265
Track BP

CAG 28.61

+9.40 +48.93%
Volume: 445,131
Track CAG

CPB 26.34

-3.58 -11.97%
Volume: 440,652
Track CPB

CRDN 17.27

-0.74 -4.11%
Volume: 392,074
Track CRDN

HD 26.29

+2.58 +10.88%
Volume: 441,222
Track HD

LLTC 23.60

+0.22 +0.94%
Volume: 5,879,769
Track LLTC

LOW 18.62

-0.89 -4.56%
Volume: 13,314,627
Track LOW

SOLR 5.41

-0.17 -3.05%
Volume: 902,684
Track SOLR

TWX 28.67

+3.33 +13.14%
Volume: 437,587
Track TWX

UTX 29.92

-22.36 -42.77%
Volume: 444,632
Track UTX

X 28.76

-6.03 -17.33%
Volume: 442,805
Track X


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