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Analyst upgrades: BMC, CYNO and ADCT

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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:
Symbol Lookup
IndexesChangePrice
DJIA+30.6910,464.40
NASDAQ+6.872,176.05
S&P 500+4.981,110.63

Last updated: November 26, 2009: 01:36 AM

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