• CIBC upgraded Pharmacopeia (NASDAQ: PCOP) to Sector Outperformer from Sector Performer, as they believe its lead cardiovascular drug DARA has the potential to become an important new therapy for hypertension and diabetic nephropathy.
  
• Think Equity upgraded shares of Zumiez (NASDAQ: ZUMZ) to Buy from Accumulate to reflect the company's strong same store sales growth.
  
• Norfolk Southern Corporation (NYSE: NSC) was upgraded to Equal Weight from Underweight at Lehman Brothers on valuation.
  
• Caris upgraded shares of OccuLogix (NASDAQ: OCCX) to Above Average from Average, as they believe weakness in the stock creates a buying opportunity. The firm believes the stock has dropped due to concerns about the company's cash position, but thinks the current stock price underestimates the revenue potential of the company's assets.

• BRE Properties (NYSE: BRE) was upgraded to Outperform from Neutral at Credit Suisse.
  
• Bear Stearns raised Capital Product Partners (NASDAQ: CPLP) to Outperform from Peer Perform.
  
• JP Morgan upgraded Celestica (NYSE: CLS) to Neutral from Underweight.
  
• Stifel upgraded SL Green Realty (NYSE: SLG) to Buy from Hold.

Analyst upgrades: PCOP, ZUMZ, NSC and OCCX originally appeared on BloggingStocks on Thu, 11 Oct 2007 11:00:00 EST. Please see our terms for use of feeds.

MOST NOTEWORTHY:

• CIBC cut SanDisk Corp (NASDAQ: SNDK) to Sector Performer from Outperformer on valuation.

• Nationwide Financial (NYSE: NFS) was downgraded to Underweight from Equal-Weight at Morgan Stanley on valuation.

• Ferris Baker cut Unica Corp (NASDAQ: UNCA) to Sell from Hold following the company's announcement that it has dismissed auditors Ernst & Young. Montgomery downgraded Unica to Hold from Buy on valuation.

• International Paper (NYSE: IP) was downgraded to Neutral from Outperform at Credit Suisse on valuation.

• UBS downgraded the Apartment REIT sector to Underweight and downgraded BRE Properties (NYSE: BRE), Camden Property Trust (NYSE: CPT) and Meruelo Maddux Properties (NASDAQ: MMPI) to Neutral from Buy...

• JP Morgan cut Moody's Corp (NYSE: MCO) to Neutral from Overweight.

• Lehman downgraded Powerwave Technologies (NASDAQ: PWAV) to Equal-Weight from Overweight.

• Goldman downgraded Target Corp (NYSE: TGT) to Neutral from Buy.

Analyst downgrades 7-02-07: NFS, PWAV, SNDK, TGT and UNCA originally appeared on BloggingStocks on Mon, 02 Jul 2007 10:36:00 EST. Please see our terms for use of feeds.