Notable Analyst Rating Changes 9/3: X, UTX, BP, ARQL Upgraded; CAG, TWX, LLTC, CRDN Downgraded

September 3, 2008 9:45 AM EDT

UPGRADES:
CIBC upgrades U.S. Steel (NYSE: X) from Sector Perform to Outperform.

UBS upgrades United Technologies (NYSE: UTX) from Neutral to Buy, saying the stock is a performer in periods of economic weakness.

Goldman Sachs upgrades BP (NYSE: BP) from Neutral to Buy and adds the stock to their Conviction Buy List.

Banc of America upgrades ArQule (Nasdaq: ARQL) from Neutral to Buy.

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

DOWNGRADES:
J.P. Morgan downgrades ConAgra Foods (NYSE: CAG) from Overweight to Neutral.

Sanford Bernstein downgrades Time Warner (NYSE: TWX) from Outperform to Market Perform.

Goldman Sachs downgrades Linear Technology Corp. (Nasdaq: LLTC) from Buy to Neutral with a $38 price target.

Wachovia Securities downgrades Ceradyne (Nasdaq: CRDN) from Market Perform to Underperform.

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

NEW COVERAGE:
Jesup & Lamont initiates coverage on Home Depot (NYSE: HD) with a Hold.

Jesup & Lamont initiates coverage on Lowe's (NYSE: LOW) with a Buy. Price target $30.

Piper Jaffray initiates coverage on GT Solar International, Inc. (Nasdaq: SOLR) with a Buy rating and $15 price target.

Soleil Securities initiates coverage on Campbell Soup (NYSE: CPB) with a Buy - Top Pick in Group. Price target $44.

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


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Stocks Mentioned

ARQL 3.25

+0.23 +7.62%
Volume: 169,872
Track ARQL

BP 45.88

+2.31 +5.30%
Volume: 7,955,489
Track BP

CAG 14.11

+0.01 +0.07%
Volume: 5,048,732
Track CAG

CPB 30.32

+0.42 +1.40%
Volume: 3,116,290
Track CPB

CRDN 25.37

+2.12 +9.12%
Volume: 845,495
Track CRDN

HD 21.85

+0.64 +3.02%
Volume: 23,836,883
Track HD

LLTC 18.86

+0.10 +0.53%
Volume: 6,228,763
Track LLTC

LOW 19.75

+0.75 +3.95%
Volume: 13,832,923
Track LOW

SOLR 3.19

+0.28 +9.62%
Volume: 441,793
Track SOLR

TWX 9.00

+0.49 +5.76%
Volume: 28,374,977
Track TWX

UTX 46.06

+0.44 +0.96%
Volume: 9,453,238
Track UTX

X 27.49

+1.85 +7.22%
Volume: 9,771,323
Track X


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