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 28.73

+0.44 +1.56%
Volume: 10,610,372
Track BRCM

FRX 28.86

-0.09 -0.31%
Volume: 1,572,523
Track FRX

LM 31.57

-0.03 -0.09%
Volume: 1,319,838
Track LM

MRVL 15.46

+0.22 +1.44%
Volume: 10,999,899
Track MRVL

NSC 51.80

-0.15 -0.29%
Volume: 3,096,753
Track NSC

SAI 18.09

-0.43 -2.32%
Volume: 3,404,765
Track SAI

SOLR 4.76

-0.78 -14.08%
Volume: 2,936,447
Track SOLR

STLD 14.53

-0.05 -0.34%
Volume: 3,888,425
Track STLD

TXN 25.05

+0.42 +1.71%
Volume: 19,413,406
Track TXN


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