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MOST NOTEWORTHY: Dell (DELL) and Brocade (BRCD) topped today's modest-sized upgrade list.
- Needham upgraded Dell, Inc. (NASDAQ:DELL) to Buy from Hold with a $35 target, citing the PC maker's preliminary third quarter results that suggest a turning point in margins. Bear Stearns upgraded Dell to Outperform from Peer Perform on the news.
- Brocade Communications Systems, Inc. (NASDAQ:BRCD) was upgraded by Needham to Buy from Hold and a $10.50 target; The firm is positive on the data storage networker's outlook and execution following their strong forth-quarter report.
OTHER UPGRADES:
- Deere & Co. (NYSE:DE) was upgraded to Outperform from Market Perform at Wachovia based on the belief the equipment maker's 2007 guidance is conservative.
- Rudolph Technologies, Inc. (NASDAQ:RTEC) was upgraded to Buy from Sell at Matrix USA, citing valuation.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).
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