StreetInsider.com Notable Analyst Rating Changes: 09/07

Notable Analyst Rating Changes:

UPGRADES:

Citigroup upgrades United States Steel Corp. (NYSE: X) from Hold to Buy.

Bernstein upgrades Fifth Third Bancorp (Nasdaq: FITB) from Underperform to Market Perform with a $36 price target.

JP Morgan upgrades Federated Investors (NYSE: FII) from Underweight to Neutral.

Deutsche Bank upgrades Occidental Petroleum (NYSE: OXY) from Hold to Buy with a $72 price target, saying "the high oil/low natgas price environment benefits Oxy most in our space."

For more daily Upgrades go to http://www.streetinsider.com/Upgrades

DOWNGRADES:

Citigroup downgrades Wyeth (NYSE: WYE) from Buy to Hold, and lowered their price target to $51, citing limited growth.

Banc of America downgrades Bear Stearns (NYSE: BSC) from Buy to Neutral, citing lower earnings becuase of fixed income and hedge fund losses. The firm said the stock looks like dead money for the next 6-12 months.

Miller Tabak downgrades XM Satellite Radio Holdings Inc. (Nasdaq: XMSR) from Buy to Neutral with a $15 price target.

CIBC downgrades Krispy Kreme Doughnuts Inc. (NYSE: KKD) from Sector Perform to Sector Underperform, citing lower sales and liquidity concerns.

For more daily Downgrades go to http://www.streetinsider.com/Downgrades

NEW COVERAGE:

Morgan Stanley initiates coverage on Illinois Tool Works (NYSE: ITW) with an Overweight rating and $69 price target.

Banc of America initiates coverage on Town Sports International (Nasdaq: CLUB) with a Sell rating.

Bear Stearns initiates coverage on PharMerica Corp (NYSE: PMC) with an Underperform rating.

Northland Securities initiates coverage on NVE Corp (Nasdaq: NVEC) with a Market Perform rating and $32 price target. The firm said the rating balances the positives of long term potential for spintronics-based devices with the likelihood of modest near term earnings growth and limited margin expansion opportunities.

For more daily New Coverage go to http://www.streetinsider.com/New+Coverage

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