Analyst upgrades: DELL, HPQ and EYE

MOST NOTEWORTHY: Dell, Hewlett-Packard and Advanced Medical were today's noteworthy upgrades:

JP Morgan upgraded shares of Dell (NASDAQ:DELL) to Overweight from Neutral on valuation, as they believe current levels provide an attractive entry point. JP Morgan thinks their bearish view on 2008 growth and margins has been priced into shares.
JP Morgan added Hewlett-Packard (NYSE:HPQ) to its U.S. Focus List, as the firm believes current sentiment is overly bearish, that printing share gains are healthy and costs savings should continue.
Jefferies upgraded shares of Advanced Medical (NYSE:EYE) to Buy from Hold on valuation as they believe the stock is oversold at current levels.

OTHER UPGRADES:

Equinix (NASDAQ:EQIX) was upgraded to Outperform from Market Perform at Wachovia.
Lehman upgraded Peugeot (PEUGY) to Overweight from Equal Weight.
UBS raised Illumina (ILMN) to Buy from Neutral.

Tags: 11108, Advanced Medical, AdvancedMedical, analyst upgrades, AnalystUpgrades, Dell, EYE, Hewlett Packard, HewlettPackard, HPQ

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