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MOST NOTEWORTHY: Bankrate, Discovery Holdings and KBR, Inc were today's noteworthy upgrades:
- Merriman upgraded shares of Bankrate (NASDAQ: RATE) to Buy from Neutral on valuation following the recent pullback and believes shares can reach $50-$60 with some positive near term headlines, including price increases across the board and an additional cut in interest rates.
- Wachovia upgraded Discovery Holdings (NASDAQ: DISCA) to Outperform from Market Perform based on valuation, uptick in ratings, and strong scatter market.
- KBR, Inc (NYSE: KBR) was upgraded to Buy from Neutral at UBS, as they see potential for significant awards of major energy and chemicals projects.
OTHER UPGRADES:
- JMP Securities raised Gevity HR (NASDAQ: GVHR) to Outperform from Market Perform.
- Oppenheimer upgraded Cybex (NASDAQ: CYBI) to Buy from Neutral.
- Baird upgraded Integrys Energy (NYSE: TEG) to Outperform from Neutral.
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