Analyst upgrades: IN, BRP, CVGI, MGI and WHQ

MOST NOTEWORTHY: Intermec, Brasil Telecom and W-H Energy Services were today's most noteworthy upgrades:

Intermec (NYSE: IN) was upgraded to Hold from Sell at Standford Financial Group. After Intermec's stock fell 10.5% since April 1, and 5.1% on Friday, Stanford believes most of the bad news is priced into the stock.
Brasil Telecom (NYSE: BRP) was upgraded to Buy from Hold at Deutsche Bank and raised their target to $90 from $87 as they believe the recent weakness presents a good buying opportunity.
W-H Energy Services (NYSE: WHQ) was upgraded to Buy from Hold at Deutsche Bank following the Q1 miss as they believe the company is well positioned to benefit from a pickup in U.S. onshore activity and a significant acceleration in international and deep water work.

OTHER UPGRADES:

Commercial Vehicle Group (NASDAQ: CVGI) was upgraded to Overweight from Neutral at J.P. Morgan.
MoneyGram (NYSE: MGI) was upgraded to Buy from Add at Calyon Securities based on valuation.

Tags: analyst, brasil telecom, BrasilTelecom, brp, commercial vehicle group, CommercialVehicleGroup, cvgi, in, intermec, mgi, moneygram, upgrade, w-h energy, W-hEnergy, whq

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