MOST NOTEWORTHY: Lowe's (LOW) and International Rectifier (IRF) topped today's modest-sized list of upgrades.
- Bank of America upgraded Lowe's Companies, Inc. (NYSE:LOW) to Buy from Neutral as they believe the stock's valuation may have bottomed.
- Caris upgraded shares of International Rectifier Corp. (NYSE:IRF) to Buy from Above Average to reflect their belief that consumers are going to spend heavily on electronics this holiday season.
OTHER UPGRADES:
- Matrix USA upgraded LittelFuse, Inc. (NASDAQ:LFUS) to Hold from Strong Sell as high demand from electronics customers is leading to strong sales growth.
- JP Morgan upgraded Altiris Inc (NASDAQ:ATRS) to Overweight from Underweight; The firm's outlook is positive on Altiris's new agreement with Dell (DELL), which could be a catalyst for shares.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).
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