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Analyst upgrades 7-24-07: CMLS, DFG, PBY and RNOW

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MOST NOTEWORTHY: Lee Enterprises (LEE), The Pep Boys (PBY), Cumulus Media (CMLS), VeraSun Energy (VSE) and Acuity Brands (AYI) were today's more noteworthy upgrades:
  • Wachovia upgraded Lee Enterprises (NYSE: LEE) to Market Perform from Underperform on valuation.
  • RBC Capital raised Pep Boys (NYSE: PBY) to Sector Perform from Underperform citing upside potential from its real estate monetization strategy.
  • Cumulus Media (NASDAQ: CMLS) was upgraded to Hold from Sell at Citigroup based on the proposed buyout offer.
  • VeraSun Energy (NYSE: VSE) was upgraded to Hold from Sell at Soleil based on the acquisition of three 110mgy ethanol projects from ASAlliance.
  • Gabelli upgraded Acuity Brands (NYSE: AYI) to Hold from Sell following the company's announcement that it will pursue a tax-free spin-off of its specialty products business...

OTHER UPGRADES:

Analyst summaries provided by TheFlyOnTheWall.com (subscription required).
Symbol Lookup
IndexesChangePrice
DJIA+40.0510,287.02
NASDAQ+15.232,166.31
S&P 500+5.401,098.41

Last updated: November 11, 2009: 09:32 AM

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