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MOST NOTEWORTHY: Molson Coors, Knightsbridge Tankers and the Railroad sector were today's noteworthy upgrades:
- Banc of America upgraded shares of Molson Coors (NYSE: TAP) to Buy from Neutral as they believe the company's joint venture with SABMiller (OTC: SBMRY) could nearly double North American profits and that risks are largely priced in shares.
- Jefferies upgraded shares of Knightsbridge Tankers (NASDAQ: VLCCF) to Buy from Hold on valuation and finds the dividend yield attractive at 12.4%.
- Bear raised the Railroad Sector to Overweight from Market Weight. The firm upgraded Burlington Northern Santa Fe (NYSE: BNI), Canadian National Railway (NYSE: CNI) and Union Pacific (NYSE: UNP) to Outperform from Peer Perform citing valuations and the belief that rail volumes are close to a bottom.
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