S&P Analyst Leo Larkin RAISES SHARES OF UNITED STATES STEEL TO STRONG BUY:

a. Our upgrade is based on lower share prices and a much more optimistic outlook for EPS.

b. company posted much better profits than expected in domestic operations.

c. EPS is benefiting from increased prices and a much higher operating rate.

d. 12-month target price to $235

S&P analyst Steven Silver raised SHARES OF AMGEN TO BUY:

a.   AMGN is well positioned to sustain recent momentum after positive pipeline data, and shifting focus towards future growth.

b. Target price is $72

S&P Analyst Tuna Amobi rates SIRIUS SATELLITE RADIO a BUY:

a. Shares are down sharply on the closing of its merger with XM Satellite.

b. focus shifting to potential operating and financing challenges ahead for combined company amid proliferating consumer entertainment options.

c. CEO Mel Karmazin affirms 2009 view for $400 million synergies, over $300 million in adjusted EBITDA, and positive free cash (before satellite capex).

d. enhanced buying opportunity on sharp decline.

S&P Analyst Marie Driscoll rates COACH a STRONG BUY:

a. North American same-store sales rose 7% and indirect sales were up 11% as international grew 30%.

b. COH is adding share of U.S. accessories market that is expanding at about 5%-10%.

c. In 2009, COH plans 40 new North American stores, 10 in Japan, and 5 in China.

d. global growth opportunities for COH, with its 34% operating margins, highest in  specialty retail coverage.

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