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 28.67

-0.06 -0.21%
Volume: 8,335,373
Track BRCM

FRX 28.89

+0.03 +0.10%
Volume: 1,276,758
Track FRX

LM 31.26

-0.31 -0.98%
Volume: 2,197,128
Track LM

MRVL 15.54

+0.08 +0.52%
Volume: 8,343,913
Track MRVL

NSC 51.96

+0.16 +0.31%
Volume: 3,645,539
Track NSC

SAI 18.21

+0.12 +0.66%
Volume: 2,090,844
Track SAI

SOLR 4.80

+0.04 +0.84%
Volume: 1,357,158
Track SOLR

STLD 14.84

+0.31 +2.13%
Volume: 6,607,660
Track STLD

TXN 25.33

+0.28 +1.12%
Volume: 14,685,958
Track TXN


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