MOST NOTEWORTHY: BMC Software, Cynosure and ADC Telecomm were today's noteworthy upgrades:
- Credit Suisse upgraded BMC Software (NYSE: BMC) to Outperform from Neutral based on an improving pricing environment for mainframe software, growth expectations, and upcoming release of IBM (NYSE: IBM) mainframe hardware.
- Cynosure (NASDAQ: CYNO) was upgraded to Buy from Hold at Citigroup. The firm upgraded shares after yesterday's sell-off as their checks suggest no notable reduction in demand in Q4.
- Merriman upgraded shares of ADC Telecommincations (NASDAQ: ADCT) to Buy from Neutral on the company's strong margin performance in Q4, prospects for growth and attractive valuation.
OTHER UPGRADES: