MOST NOTEWORTHY: Motorola, Paccar, Pacific Sunwear, Talbots and RightNow Tech were today's noteworthy upgrades:
- Oppenheimer upgraded shares of Motorola Inc. (NYSE: MOT) to Buy from Neutral on valuation, and is positive on the company's free cash flow generation.
- Wachovia raised Paccar Inc. (NASDAQ: PCAR) estimates to Market Perform from Underperform based on better-than-expected European performance.
- Citigroup upgraded shares of Pacific Sunwear (NASDAQ: PSUN) to Buy from Hold as they believe the demo division divestiture and improving product execution in core PacSun stores could drive accelerating EPS growth.
- Citigroup also upgraded shares of Talbots Inc. (NYSE: TLB) to Hold from Sell on valuation but remains concerned about the company's long-term outlook.
- Roth Capital upgraded RightNow Technologies (NASDAQ: RNOW) to Buy from Hold, as they are encouraged by RNOW's Q3 results and raised guidance and believes the worst is behind the company.
OTHER UPGRADES:
- Goldman added Pfizer (NYSE: PFE) to its Conviction Buy List.
- Thomas Weisel upgraded Akamai (NADAQ: AKAM) to Overweight from Market Weight.
- Lehman upgraded Harley Davidson (NYSE: HOG) to Equal Weight from Underweight.
- Gabelli upgraded Coca-Cola Enterprises (NYSE: CCE) to Hold from Sell.
