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MOST NOTEWORTHY: NICE Systems, Watson Pharmaceuticals and Micron Tech were today's noteworthy upgrades:
- NICE Systems (NASDAQ: NICE) was upgraded to Buy from Neutral at UBS, as they believe NICE is well-positioned to leverage its offerings in VoIP recording, call centre analytics, and other applications with its extensive enterprise customer base.
- Hambrecht upgraded shares of Watson Pharmaceuticals (NYSE: WPI) to Buy from Hold ahead of the company's Q4 results to reflect valuation and low expectations.
- Thomas Weisel upgraded Micron Tech (NYSE: MU) to Overweight from Market Weight citing expectations DRAM pricing will stabilize in 2008, potential upside from high growth DRAM segments such as mobile, and notes cost cutting efforts and valuation.
OTHER UPGRADES:
- JP Morgan added Wabtec (NYSE: WAB) to its Focus List.
- Keefe Bruyette raised Franklin Bank (NASDAQ: FBTX) to Market Perform from Underperform.
- Morgan Stanley upgraded Wyeth (NYSE: WYE) to Overweight from Equal Weight.
- Citigroup upgraded Mentor Graphics (NASDAQ: MENT) to Buy from Hold and added shares to its Top Picks List.
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