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MOST NOTEWORTHY: American Axle, Knight Transportation and Newfield Exploration were today's noteworthy upgrades.
- Citigroup upgraded shares of American Axle and Manufacturing Holdings Inc (NYSE: AXL) to Buy from Hold on valuation following the recent sell-off and recommends switching out of General Motors Corporation (NYSE: GM) and into AXL; the firm downgraded GM to Hold from Buy.
- Wachovia upgraded Knight Transportation Inc (NYSE: KNX) to Outperform from Market Perform as they expect the company to benefit earlier from capacity leaving the TL market.
- KeyBanc raised Newfield Exploration Company (NYSE: NFX) to Buy from Hold based on production growth visibility,
OTHER UPGRADES:
- LCA Vision Incorporated (NASDAQ: LCAV) was upgraded to Sector Perform from Underperform at RBC Capital.
- Deutsche Bank raised Grupo Aeroportuario del Pacifico SA (NYSE: PAC) to Buy from Hold
Why is gold making a new high, trading at $1,118.00 per ounce?
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