Notable Analyst Rating Changes 9/8: GS, AMD, RIMM, NLY Upgraded; AZO, NOK, RFMD, GSK Downgraded

September 8, 2008 9:56 AM EDT

UPGRADES:
Merrill Lynch upgrades Goldman Sachs (NYSE: GS) to Buy and Lehman Brothers (NYSE: LEH) to Neutral.

Banc of America upgrades Advanced Micro Devices Inc. (NYSE: AMD) from Sell to Neutral with a $6 price target.

Morgan Keegan upgrades Research In Motion (Nasdaq: RIMM) from Market Perform to Outperform.

Credit Suisse upgrades Annaly Capital (NYSE: NLY) from Neutral to Outperform.

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

DOWNGRADES:
Goldman Sachs downgrades AutoZone Inc. (NYSE: AZO) from Buy to Neutral and removes the stock from its Conviction Buy List.

Deutsche Bank downgrades Nokia (NYSE: NOK) from Buy to Hold. The firm also lowered its price target from Euro25 to Euro16.

Citi downgrades RF Micro Devices (Nasdaq: RFMD) from Buy to Hold. Price target $3.80.

Goldman Sachs downgrades GlaxoSmithKline (NYSE: GSK) from Neutral to Sell.

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

NEW COVERAGE:
Morgan Stanley initiates coverage on Genzyme (Nasdaq: GENZ) with an Overweight rating. Price target $94.

Credit Suisse initiates coverage on ABB Ltd (NYSE: ABB) with an Underperform.

Credit Suisse initiates coverage on Philips Electronics (NYSE: PHG) with an Outperform.

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


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Stocks Mentioned

ABB 18.54

-0.11 -0.59%
Volume: 4,131,332
Track ABB

AMD 7.86

-0.17 -2.12%
Volume: 43,882,282
Track AMD

AZO 152.08

+0.68 +0.45%
Volume: 735,804
Track AZO

GENZ 49.98

-0.29 -0.58%
Volume: 2,739,052
Track GENZ

GS 167.24

+2.94 +1.79%
Volume: 10,411,031
Track GS

GSK 42.75

+0.31 +0.73%
Volume: 1,898,762
Track GSK

LEH 0.13

+0.00 +0.00%
Volume: 0
Track LEH

NLY 18.17

-0.21 -1.14%
Volume: 13,372,896
Track NLY

NOK 12.70

-0.05 -0.39%
Volume: 23,612,527
Track NOK

PHG 29.32

+0.32 +1.10%
Volume: 770,943
Track PHG

RFMD 5.19

+0.18 +3.59%
Volume: 13,741,137
Track RFMD

RIMM 58.75

+0.33 +0.56%
Volume: 13,239,120
Track RIMM


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