Analyst upgrades: AKZOY, SURW and the cable sector

Posted Dec 6th 2007 11:05AM by Eric Buscemi
Filed under: Analyst Upgrades and Downgrades

MOST NOTEWORTHY: Akzo Nobel, SureWest Communications and the cable sector were today's noteworthy upgrades:

Deutsche Bank upgraded shares of Akzo Nobel (OTC: AKZOY) to Buy from Hold as they believe the company's growth and restructuring potential are being undervalued by the market.
Jefferies raised its rating on SureWest Communications (NASDAQ: SURW) with to Buy from Hold. The firm believes the company's fiber network and strong cash position make it an attractive M&A target.
Morgan Stanley upgraded the cable sector to Attractive from Cautious, also upgrading Comcast (NASDAQ: CMCSA) to Overweight from Equal Weight.

OTHER UPGRADES:

Lehman upgraded Comstock Resources (NYSE: CRK) to Equal Weight from Underweight and PDL BioPharma (NASDAQ: PDLI) to Overweight from Equal Weight.
Cowen upgraded Genentech (NYSE: DNA) to Outperform from Neutral.
Brandywine Realty Trust (NYSE: BDN) was upgraded to Neutral from Sell at Merrill Lynch.