Analyst upgrades 3-27-07: Urban Outfitters, Chico's FAS & Martha Stewart upgraded today

MOST NOTEWORTHY: Chico's FAS, Inc (CHS), Live Nation (LYV) and Clear Channel Communications, Inc (CCU) were some of today's notable upgrades:

Friedman, Billings, Ramsey upgraded shares of Chico's FAS Inc (NYSE: CHS) to Market Perform from Underperform and raised their target to $25 from $17 on valuation.

Sanders Morris upgraded Clear Channel Communications (NYSE: CCU) to Hold from Sell, as the firm believes the disapproval by holders to sell the company will result in shares trading in the $34-$37 range.

OTHER UPGRADES:

Friedman, Billings, Ramsey continued to recommend shares of Urban Outfitters, Inc (NASDAQ: URBN) with an Outperform rating as the firm has seen consistent progress at both the company's divisions throughout March. Friedman added Urban Outfitters to its Top Picks list.

JP Morgan raised Sonic Corp (NASDAQ: SONC) to an Overweight rating from Neutral, and believes shares have priced in softer Q2 sales that were pre-announced late-February.

Martha Stewart Living Omnimedia, Inc (NYSE: MSO) was upgraded at Bear Stearns to Peer Perform from Underperform.

Analyst summaries provided by TheFlyOnTheWall.com (subscription required).

Tags: analyst, ccu, chicos, chs, clear channel, ClearChannel, live nation, LiveNation, lyv, martha stewart, MarthaStewart, mortgage insurance, MortgageInsurance, mso, myl, mylan, ppl, rating, sonc, sonic, thefflyonthewall.com, upgrade, urban outfitters, UrbanOutfitters, urbn

#	Blogger	Posts	Cmts
1	Joseph Lazzaro	121	0
2	Tom Johansmeyer	106	3
3	Connie Madon	54	0
4	Steven Mallas	45	0
5	Tom Taulli	44	0
6	Mark Fightmaster	43	0
7	Trey Thoelcke	33	0
8	Steven Halpern	32	0
9	Melly Alazraki	27	0
10	Paul Foster	26	0
11	Zac Bissonnette	25	0
12	Brian White	24	0
13	Jim Cramer	23	0
14	Brent Archer	23	0
15	Jon Ogg	23	0
16	Elizabeth Harrow	19	0
17	Eric Buscemi	17	0
18	Sheldon Liber	13	0
19	Beth Gaston Moon	9	0
20	Michael Fowlkes	9	0

Find out why more people track their portfolios on AOL Money & Finance then anywhere else.

Other Weblogs Inc. Network blogs you might be interested in:

Skype soap opera ends as founders set to regain stake ahead of $2B sale Big LBOs are teetering, but Wall Street still planning record bonuses	Closing Bell: Economic Catapult for Thanksgiving & Black Friday (WMT, TGT, GRMN, GOOG, MSFT) Reid Hoffman: LinkedIn will go public (at some point) Microsoft CFO Chris Liddell leaving at the end of 2009
First Look: iFlex trainer for Bowflex Magellan has worthy contender in the GPS sweepstakes Holiday Gift Guide: The Perfect iPhone Ringtone	Handbrake 0.94 transcodes DVDs even faster Steam's THQ game pack: get $400 worth of games for 50 bucks Automatically disable your touchpad while you type with TouchFreeze
Topshop Rents Out Celebrity Dresses For Good Causes Lotus Arts de Vivre Palm Stick Bag, Handbag of the Day Griffin & Threadless Team Up For Fashion Forward iPhone Cases	Google set to map the world - and push out GPS makers as a result? Closing Bell: Economic Catapult for Thanksgiving & Black Friday (WMT, TGT, GRMN, GOOG, MSFT) Reid Hoffman: LinkedIn will go public (at some point)