Analyst upgrades: MOT, NOK, GIS, AUDC and OCNF

MOST NOTEWORTHY: Motorola, Nokia, General Mills, AudioCodes and OceanFreight were today's noteworthy upgrades:

Cowen upgraded shares of Motorola Inc (NYSE: MOT) and Nokia Corporation (NYSE: NOK) to Outperform from Neutral. The firm expects Motorola to benefit as the mobile phone market in North America improves as market supply tightens in Q4 and results in better unit pricing, while Nokia's new phones put it in a position to realize higher unit sales.
Credit Suisse upgraded shares of General Mills Inc (NYSE: GIS) to Outperform from Neutral citing management's improved execution and openness, and well as valuation.
Cantor raised shares of AudioCodes (NASDAQ: AUDC) to Buy from Hold after channel checks suggested that Q3 business is tracking well.
OceanFreight Inc (NASDAQ: OCNF) was upgraded to Buy from Neutral at Oppenheimer on valuation and strong dry-bulk fundamentals.

OTHER UPGRADES:

Lehman upgraded shares of Roche Holding (OTC: RHHBY) to Overweight from Equal Weight.
Goldman upgraded Southwest Airlines (NYSE: LUV) to Neutral from Sell.
Deutsche Bank upgraded Buckeye Partners (NYSE: BPL) to Buy from Hold.
Citigroup raised Canadian Natural Resources (NYSE: CNQ) to Buy from Hold.

Tags: analyst, audc, audiocodes, bpl, buckeye partners, BuckeyePartners, canadian natural resources, CanadianNaturalResources, cnq, firm, general mills, GeneralMills, gis, luv, mot, motorola, nok, nokia, oceanfreight, ocnf, rhhby, roche, southwest airlines, SouthwestAirlines, upgrade

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