Analyst upgrades: KO, NVO, EQIX, PETM, URBN

MOST NOTEWORTHY: Coca-Cola, Novo Nordisk and Equinix were today's noteworthy upgrades:

Bear Stearns upgraded The Coca-Cola Company (NYSE: KO) to Outperform from Peer Perform, as they expect it to post solid earnings short-term with potential upside, and over the long-term due to its upgraded business model.
Bernstein raised its rating on Novo Nordisk AS (NYSE: NVO) to Outperform from Market Perform, as they believe consensus estimates do not reflect the company's growth potential.
Merriman upgraded shares of Equinix Inc (NASDAQ: EQIX) to Buy from Neutral on valuation following the recent sell-off. The firm expects strong Q4 results.

OTHER UPGRADES:

BG Group Plc (OTC: BRGYY) was upgraded to Buy from Neutral at UBS.
PetSmart Inc (NASDAQ: PETM) was raised to Buy from Neutral by Goldman Sachs.
Bear upgraded Urban Outfitters Inc (NASDAQ: URBN) to Peer Perform from Underperform.

Tags: BG Group, BgGroup, BRGYY, Coca-Cola, EQIX, Equinix, inthenews, KO, Novo Nordisk, NovoNordisk, NVO, PETM, PetSmart, upgrades, Urban Outfitters, UrbanOutfitters, URBN

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