MOST NOTEWORTHY: Time Warner (TWX), Yahoo! (YHOO) and Cisco Systems (CSCO) top today's list of upgrades.
- Time Warner, Inc. (NYSE:TWX) was upgraded to Outperform from Neutral at Cowen. The firm expects improved results from AOL, cable and filmed entertainment. In addition, Cowen said Time Warner is poised to break out of their three-year trading range of $15-$20.
- Yahoo!, Inc. (NASDAQ:YHOO) was added to the Focus List of American Tech. The firm said Yahoo! shares are "significantly oversold" and positioned for a major bounce. They felt Yahoo was trading as if Panama is already a failure and recommend buying aggressively at these levels.
- Cisco Systems, Inc. (NASDAQ:CSCO) was added to Goldman Sachs American Conviction Buy List. Goldman said Cisco's November 8th earnings will support their growth outlook and show evidence of new product ramps.
OTHER UPGRADES:
- Longbow upgraded SiRF Technology Holdings, Inc. (NASDAQ:SIRF) to Buy from Neutral based on near-term momentum in the auto and handset business.
- Campbell Soup Co. (NYSE:CPB) was upgraded to Neutral from Underweight at Prudential on valuation.
- Citigroup said the Pliva acquisition broadens Barr Pharmaceauticals, Inc. (NYSE:BRL) pipeline and suggest upside to estimates, leading the firm to upgrade Barr to Buy from Neutral.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).
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