Notable Analyst Rating Changes 08/02: (TIE) (FTR) (EA) Upgraded; (DRYS) MGM) (MT) Downgraded

UPGRADES
JPMorgan upgrades Titanium Metals (NYSE: TIE) from Neutral to Overweight, its price target moves from $15.50 up to $17.

Gabelli raises Frontier Communications (Nasdaq: FTR) from Hold to Buy.

BofA/Merrill Lynch boosts Electronic Arts (Nasdaq: EA) from Neutral to Buy.

Wedbush moves Garmin Ltd. (Nasdaq: GRMN) up from Neutral to Outperform with a price target of $55. Click Here for more color.

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

DOWNGRADES
Deutsche Bank lowers DryShips (Nasdaq: DRYS) from Buy to Hold, price target lowered to $2.50. Click Here for more color.

BofA/Merrill Lynch chops MGM Resorts (NYSE: MGM) from Buy to Neutral.

Macquarie reduces Devon Energy (NYSE: DVN) from Outperform to Neutral.

BofA/Merrill Lynch cuts Arcelor Mittal (NYSE: MT) from Buy to Neutral.

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

NEW COVERAGE
Goldman Sachs resumes FMC Technologies (NYSE: FTI) at Buy and $57 price target. Click Here for more color.

UBS initiates Embraer (NYSE: ERJ) at Buy and price target of $32.

Global Hunter Securities assumes Gold Resource Corp (NYSE: GORO) with an Accumulate and price target of $22. Click Here for more color.

Goldman Sachs restarts Cameron International (NYSE: CAM) with a Buy and $70 price target. Click Here for more color.

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