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 26.33

+10.17 +62.93%
Volume: 438,517
Track ABB

AMD 28.68

+24.77 +633.50%
Volume: 444,983
Track AMD

AZO 28.64

-124.12 -81.25%
Volume: 435,036
Track AZO

GENZ 54.75

-0.67 -1.21%
Volume: 2,436,438
Track GENZ

GS 29.82

-117.50 -79.76%
Volume: 440,937
Track GS

GSK 28.70

-7.34 -20.37%
Volume: 445,783
Track GSK

LEH 0.13

+0.00 +0.00%
Volume: 0
Track LEH

NLY 26.31

+11.05 +72.41%
Volume: 445,913
Track NLY

NOK 25.16

+10.39 +70.35%
Volume: 447,201
Track NOK

PHG 26.30

+7.76 +41.86%
Volume: 447,941
Track PHG

RFMD 3.67

-0.22 -5.66%
Volume: 5,555,398
Track RFMD

RIMM 69.71

-0.25 -0.36%
Volume: 12,766,578
Track RIMM


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