MOST NOTEWORTHY: Ericsson (ERIC) was the only notable company within today's list of upgraded stocks:
- Bank of America upgraded Ericsson Telephone Company ADS (NASDAQ:ERIC) to Buy from Neutral with a $48 target; the firm believes shares of the mobile phone maker are well-positioned to beat 2007 estimates given the new network construction, 3G upgrades, competitor restructuring and handset momentum.
OTHER UPGRADES:
- Matrix USA upgraded Ann Taylor Stores Corp. (NYSE:ANN) to Strong Buy from Buy , explaining that Ann Taylor is continuing its efforts to drive growth and is working to further differentiate from Loft.
- Allscripts Healthcare Solutions Inc. (NASDAQ:MDRX) was upgraded to Above Average from Average at Caris; the firm believes Allscripts is seeing success in sales both in and out of the IDX base.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).
Closing Bell: Dubai sends jitters throughout the market (S, BBY)
Heinz looking good after the second quarter?
Why isn't Bank of America updating its shareholders on CEO situation?
