Notable Analyst Rating Changes 9/4: SAI, STLD Upgraded; MRVL, LM, FRX Downgraded

September 4, 2008 10:11 AM EDT

UPGRADES:
Wachovia Securities upgrades SAIC (NYSE: SAI) to Outperform. Valuation range between $23-25.

Goldman Sachs upgrades Steel Dynamics Inc. (Nasdaq: STLD) from Neutral to Buy.

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

DOWNGRADES:
Deutsche Bank downgrades Marvell Technology (Nasdaq: MRVL) from Buy to Hold, saying no near-term upside likely.

Credit Suisse downgrades Legg Mason (NYSE: LM) from Neutral to Underperform.

UBS downgrades Forest Laboratories (NYSE: FRX) from Buy to Neutral.

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

NEW COVERAGE:
Credit Suisse initiates coverage on Broadcom (Nasdaq: BRCM) with an Outperform.

Dahlman Rose starts Norfolk Southern (NYSE: NSC) at Buy

Collins Stewart initiates coverage on Texas Instruments Inc. (NYSE: TXN) with a Hold rating, citing risk/reward.

UBS initiates coverage on GT Solar International (Nasdaq: SOLR) with a Buy rating.

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


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Stocks Mentioned

BRCM 30.77

+0.47 +1.55%
Volume: 7,580,662
Track BRCM

FRX 31.20

-0.03 -0.10%
Volume: 1,877,187
Track FRX

LM 28.99

+0.28 +0.98%
Volume: 2,590,399
Track LM

MRVL 18.06

+1.53 +9.26%
Volume: 27,745,183
Track MRVL

NSC 52.84

+1.36 +2.64%
Volume: 2,456,900
Track NSC

SAI 17.84

+0.20 +1.13%
Volume: 1,704,647
Track SAI

SOLR 5.01

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

STLD 17.29

-0.20 -1.14%
Volume: 8,748,267
Track STLD

TXN 26.85

+0.41 +1.55%
Volume: 16,339,125
Track TXN


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