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MOST NOTEWORTHY: National Semi, E.W. Scripps and Dell were today's noteworthy upgrades.
- Deutsche Bank upgraded shares of National Semiconductor Corp (NYSE: NSM) to Buy from Hold as it expects the company to benefit from a rebound in margins and revenue through 2008.
- Bear upgraded E.W. Scripps (NYSE: SSP) to Outperform from Peer Perform based on strength in the network cable market and third party interest in potentially acquiring Scripps Networks Interactive.
- Morgan Stanley upgraded Dell (NASDAQ: DELL) to Overweight from Equal Weight based on the company's competitively priced systems and a broader product portfolio.
OTHER UPGRADES:
- Goldman Sachs added Apple (NASDAQ: AAPL) to its Conviction Buy List.
- The firm also raised Arcelor Mittal (NYSE: MT) to Buy from Neutral and added shares to the Pan-European Buy List.
- Nasdaq (NASDAQ: NDAQ) was upgraded at Merrill to Buy from Neutral.
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