MOST NOTEWORTHY: Texas Instruments (TXN), Vonage Holdings (VG) and DaimlerChrysler AG (DCX) were the most noteworthy companies upgraded today: - Citing indications of analog strength from multiple sources, ThinkEquity upgraded Texas Instruments (NYSE: TXN) to Accumulate from Sell, raising the company's target to $40 from $26.
- Pali Capital upgraded shares of Vonage Holdings (NYSE: VG) to Neutral from Sell based on valuation; the firm's long-term view, however, grows increasingly negative given the competitive nature of the voice/VoIP environment.
- DaimlerChrysler AG (NYSE: DCX) was upgraded to Overweight from Equal Weight at Morgan Stanley, as they believe Daimler is well-positioned to dominate the truck industry.
OTHER UPGRADES:
- Leapfrog Enterprises (NYSE: LF) was upgraded to Outperform from Market Perform at Piper Jaffray, expecting that management can execute a fair turnaround during the next 2-3 years.
- Johnson & Johnson (NYSE: JNJ) was added to Goldman Sachs' America's Conviction Buy List with a $75 target.
- DA Davidson upgraded shares of Comcast Corp (NASDAQ: CMCSA) to Buy from Sell.
- Matrix USA upgraded Rackable Systems (NASDAQ: RACK) to Buy from Sell, citing valuation.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).
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