Diane Glossman, a equity analyst with UBS Warburg, is betting that some of the biggest names in investment banking are well positioned to survive the famine that has hit deal calendars on Wall Street thanks to market volatility.

On Thursday, Ms. Glossman initiated coverage for Goldman Sachs Group, Lehman Brothers, Merrill Lynch & Co., and Morgan Stanley Dean Witter & Co. She gave each company a “buy” rating. In a research note, Ms. Glossman wrote that the slowdown in new deals in most sectors and looming concerns over the global economic environment, particularly in the United States and Japan, will contribute to lower revenue expectations for the first half.

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