Analyst upgrades: IFX, INTC and ABC

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MOST NOTEWORTHY: Infineon, Intel and AmerisourceBergen were today's noteworthy upgrades:
  • ABN Amro upgraded Infineon Technologies (NYSE: IFX) to Buy from Hold as they expect the shares to outperform given the more stable currency environment and improving DRAM pricing.
  • Thomas Weisel upgraded shares of Intel Corp. (NASDAQ: INTC) to Overweight from Market Weight citing checks that indicate above seasonal PC demand heading into 2008 driven by emerging markets.
  • Banc of America upgraded shares of AmerisourceBergen Corp. (NYSE: ABC) to Buy from Neutral as they believe new contract wins for the company's largest PBM customer should help offset soft script volumes in the near-term.
OTHER UPGRADES:
Symbol Lookup
IndexesChangePrice
DJIA+150.2510,058.64
NASDAQ+24.822,150.87
S&P 500+13.781,070.52

Last updated: February 10, 2010: 05:40 AM

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