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Analyst upgrades: UBS, AKAM, HANS, ANSS and AZN

MOST NOTEWORTHY: UBS AG, Ansys and AstraZeneca were today's noteworthy upgrades:
  • Deutsche Bank upgraded shares of UBS AG (NYSE: UBS) to Buy from Hold after the company announced further write-downs and plans to boost capital.
  • Jefferies upgraded shares of Ansys (NASDAQ: ANSS) to Buy from Hold as they like the Ansoft (NASDAQ: ANST) acquisition and feel yesterday's sell-off creates an attractive entry point.
  • AstraZeneca (NYSE: AZN) was raised to Neutral from Underweight at JP Morgan following the positive Crestor study results.
OTHER UPGRADES:
  • Piper raised Akamai (NASDAQ: AKAM) to Buy from Neutral.
  • Goldman upgraded Hansen Natural (NASDAQ: HANS) to Buy from Neutral.
  • Vertex Pharma (NASDAQ: VRTX) was raised to Market Perform from Underperform at Wachovia and to Outperform from Neutral at Baird.

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Last updated: July 05, 2008: 12:10 AM

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