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MOST NOTEWORTHY: Nokia, 1-800-Flowers.com, Wadell & Reed, Westwood One and Cisco Systems were today's noteworthy upgrades:
- Morgan Stanley upgraded shares of Nokia Corporation (NYSE: NOK) to Overweight from Underweight, as they expect higher-than-expected volumes and increasing market share to drive outperformance in the second half of 2007.
- CIBC upgraded shares of 1-800-Flowers.com (NASDAQ: FLWS) to Sector Outperformer from Sector Performer. CIBC upgraded shares when they transferred coverage on the name.
- Wadell & Reed Financial (NYSE: WDR) was upgraded to Outperform from Market Perform from Keefe Bruyette based on strong investment returns.
- Westwood One Inc (NYSE: WON) was upgraded to Buy from Hold at Deutsche Bank to reflect a likely new deal with CBS Corporation (NYSE: CBS), feasibility of a sale to private equity and signs of a turnaround in the company's network business.
- Cisco Systems Inc (NASDAQ: CSCO) was added to Matrix's Focus List, as the firm believes the company is "perfectly positioned" to profit from the coming growth and demand for network infrastructure...
OTHER UPGRADES:
Closing Bell: When We All Love the PIIGS (NBG, SQNM, PG, ERTS, KO)
Serious Money: Cheapest Stocks List Shrinks from 26 to 21
Chasing Value: Hasbro Earnings Makes My Point
