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Analyst upgrades: LULU, NCC and DVN

MOST NOTEWORTHY: Lululemon, National City and Devon Energy were today's noteworthy upgrades:
  • Thomas Weisel upgraded shares of Lululemon (NASDAQ:LULU) to Overweight from Market Weight as they believe the company's momentum continues following the strong results; the firm maintains a $43 target on shares.
  • Bear upgraded National City (NYSE:NCC) to Outperform from Underperform citing favorable risk/reward following reports is is considering a transaction with KeyCorp (NYSE:KEY).
  • JP Morgan raised Devon Energy (NYSE:DVN) to Overweight from Neutral citing solid organic growth with high rates of returns.
OTHER UPGRADES:

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Last updated: May 17, 2008: 06:01 AM

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