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MOST NOTEWORTHY: Webster Financial, Eaton and Macrovision were today's noteworthy upgrades:
- Keefe Bruyette upgraded shares of Webster Financial (NYSE: WBS) to Outperform from Market Perform on valuation as they feel the company is adequately capitalized and in a position to withstand the weakening credit markets.
- JP Morgan upgraded Eaton (NYSE: ETN) to Overweight from Neutral citing bullish management comments at its conference last week.
- Piper upgraded Macrovision (NASDAQ: MVSN) to Buy from Neutral citing the closure of the Gemstar deal.
OTHER UPGRADES:
- Lehman upgraded U.S. stocks to Overweight from Underweight.
- Goldman added Hess Corp (NYSE: HES) and Mosaic (NYSE: MOS) to its Conviction Buy List.
- Novo Nordisk (NYSE: NVO) was raised at HSBC to Neutral from Underweight.
- Jefferies upgraded ASM International (NASDAQ: ASMI) to Hold from Underperform.
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