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MOST NOTEWORTHY: Siemens , Siliconware Precision and Palm were today's noteworthy upgrades:
- Goldman upgraded Siemens AG (NYSE: SI) to Buy from Neutral and views shares as defensive in the current environment.
- Merriman upgraded shares of Siliconware Precision (NASDAQ: SPIL) to Buy from Neutral on valuation, as they believe the negative sentiment regarding the U.S. economy is already priced into shares.
- JP Morgan upgraded Palm (NASDAQ: PALM) to Overweight from Underweight citing new smart-phone products expected in 2008 and stronger-than-expected Centro sales.
OTHER UPGRADES:
- Pep Boys (NYSE: PBY) was raised to Neutral from Underperform at Credit Suisse.
- Jefferies upgraded Pioneer Drilling (NYSE: PDC) to Buy from Hold.
- Deutsche Bank upgraded Cablevision (NYSE: CVC) to Buy from Hold.
