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MOST NOTEWORTHY: Sun Microsystems Inc (SUNW) and the Telecom Services Sector were the most notable stocks on today's list.- First Albany upgraded shares of Sun Microsystems (NASDAQ: SUNW) to Buy from Neutral with a $7 target and has increased confidence that Sun can deliver on its 10%-plus operating margin following KKR's appointment to the Board.
- Morgan Stanley upgraded the Telecom Services sector to In Line from Cautious, citing a positive view on AT&T Inc (NYSE: T) and industry trends.
OTHER UPGRADES:
- Goldman Sachs added Occidental Petroleum Corp (NYSE: OXY) to its America's Conviction Buy List and upgraded shares to Buy from Neutral, citing valuation.
- Bear Stearns upgraded EMC Corp (NYSE: EMC) to Outperform from Peer Perform following its fourth-quarter report citing improved execution and a favorable demand environment.
- Longbow upgraded AK Steel Holding Corp (NYSE: AKS) to Neutral from Sell.
- Raymond James upgraded Brinker International Inc (NYSE: EAT) to Outperform from Neutral.
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Johnson & Johnson's Income Falls 23%
Burberry Shares Leap on Sales Update
