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MOST NOTEWORTHY: Potash, Cadbury Schweppes and Zoran were today's noteworthy upgrades:
- Citigroup upgraded shares of Potash (NYSE: POT) to Buy from Hold and raised its target to $178 from $141 to reflect their expectation for a more bullish outcome from the ongoing China Potash contract negotiations.
- Cadbury Schweppes (NYSE: CSG) was raised to Overweight from Neutral at JP Morgan to reflect the company's takeout potential and cash returns.
- Oppenheimer raised its rating on Zoran (NASDAQ: ZRAN) to Outperform from Perform on valuation, as they believe the recent weakness is overdone.
OTHER UPGRADES:
- Pep Boys (NYSE: PBY) was upgraded to Market Weight from Underweight at Thomas Weisel.
- JMP Securities upgraded Actuate (NASDAQ: ACTU) to Strong Buy from Outperform.
- Goldman raised Broadcom (NASDAQ: BRCM) to Buy from Neutral.
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