MOST NOTEWORTHY: British Airways, ADC Telecomm and Qwest were today's noteworthy upgrades:
- Goldman upgraded shares of British Airways (OTC: BAIRY) to Buy from Neutral on valuation, and believes the company is the "jewel in the crown" in European aviation.
- Morgan Keegan expects ADC Telecomm (NASDAQ: ADCT) to benefit from carrier upgrade activity and views expectations as conservative. The firm raised shares to Outperform from Market Perform.
- Qwest (NYSE: Q) was raised to Buy from Hold at Soleil on valuation and yield support.
OTHER UPGRADES: