Notable Analyst Rating Changes 9/4: SAI, STLD Upgraded; MRVL, LM, FRX Downgraded
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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- Credit Suisse
- Deutsche Bank
- UBS
- Goldman Sachs
- Citi
- Wachovia
- Collins Stewart
- Notable Analyst Rating Changes
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