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Analyst upgrades: BMC, CYNO and ADCT

Posted Dec 13th 2007 11:09AM by Eric Buscemi
Filed under: Analyst Upgrades and Downgrades, SLM Corp (SLM)

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:

Goldman added Intercontinental Exchange (NYSE: ICE) to its Conviction Buy List.
Keefe Bruyette upgraded SLM Corp (NYSE: SLM) to Outperform from Market Perform.
Deutsche Bank upgraded Peugeot (NASDAQ: PEUGY) to Buy from Hold.

Tags: adct, bmc, cyno, ice, peugy, slm

Indexes	Change	Price
DJIA	-89.23	12,801.23
NASDAQ	-23.35	2,903.88
S&P 500	-9.31	1,342.64

Last updated: February 12, 2012: 05:14 PM

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