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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-47.2410,244.02
NASDAQ-5.512,161.39
S&P 500-5.961,092.55

Last updated: November 12, 2009: 11:25 AM

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