StreetInsider.com Notable Analyst Rating Changes: 09/14

September 14, 2007 11:34 AM EDT

Notable Analyst Rating Changes:

UPGRADES:

ThinkEquity Partners upgrades Fuel-Tech, Inc. (Nasdaq: FTEK) from Accumulate to Buy with a $32 price target.

Morgan Keegan upgrades Palm Inc. (NASDAQ: PALM) from Market Perform to Outperform.

Stifel Nicolaus upgrades John Wiley & Sons (NYSE: JW.A) from Hold to Buy. Price target $53. The firm is positive on the recent acquisition of Blackwell.

Bernstein upgrades United Technologies Corp. (NYSE: UTX) from Market Perform to Outperform, citing margins and valuation. Says strong Euro, Yuan to boosts revenue.

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

DOWNGRADES:

Citi downgrades Fluor Corp (NYSE: FLR) from Buy to Hold. Price target $137, citing the recent run in the shares, plus a fall in our forward commodity price index.

Merrill Lynch downgrades American Express (NYSE: AXP) from Buy to Neutral, citing slowing housing, economy. Merrill cuts profit estimates.

Merrill Lynch downgrades Intel (Nasdaq: INTC) from Buy to Neutral, citing valuation. The firm said upside is limited.

Friedman Billings downgrades Imclone (Nasdaq: IMCL) from Outperform to Market Perform with a $45 price target.

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

NEW COVERAGE:

Banc of America assumes coverage on Triumph Group (NYSE: TGI) with a Buy rating.

Jefferies & Co initiates coverage on FMC Technologies (NYSE: FTI) with a Buy. Price target $62. The firm said the expect the strong secular growth for subsea equipment to persist over at least the next several years, fueled by rising deepwater drilling activity over the next few years.

BMO Capital initiates coverage on Research In Motion (Nasdaq: RIMM) with an Outperform rating and $100 price target.

JMP Securities initiates coverage on TorreyPines Therapeutics (Nasdaq: TPTX) with a Strong Buy and $13 price target.

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

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