Analyst upgrades: DIS, GSK and OI

MOST NOTEWORTHY: Disney, GlaxoSmithKline and Owens Illinois were today's noteworthy upgrades:

Oppenheimer upgraded shares of Disney (NYSE: DIS) to Outperform from Perform ahead of the company's Q1 results, as they expect in the quarter and find the valuation attractive at current levels.
GlaxoSmithKline (ASE: GSK) was raised to Neutral from Underweight at HSBC on valuation as they believe the dividend yield provides support.
Owens Illinois (NYSE: OI) was upgraded to Buy from Hold at Deutsche Bank following the Q4 upside, as they believe the company is gaining traction with its pricing initiatives.

OTHER UPGRADES:

PepsiAmericas (NYSE: PAS) was upgraded to Peer Perform from Underperform at Bear Stearns.
Goldman added Simon Property (NYSE: SPG) to its Conviction Buy List.
Jefferies upgraded Infinera (NASDAQ: INFN) to Buy from Hold.

Tags: DIS, GSK, INFN, OI, PAS, SPG

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