MOST NOTEWORTHY: Turkcell (TKC), Lloyds TSB Group (LYG), DSW Inc (DSW) and the European telecom sector were today's most noteworthy upgrades:
- JP Morgan upgraded shares of Turkcell (NYSE: TKC) to Overweight from Neutral following a meeting with management, as they are more comfortable with the company's growth prospects.
- Citigroup upgraded Lloyds TSB Group (NYSE: LYG) Group to Buy from Hold as they believe the company's free cash flow generation will drive faster dividend growth.
- Matrix finds DSW Inc (NYSE: DSW) shares fairly valued at current levels and believes improving pricing is leading to higher profit margins and upgraded shares to Hold from Sell.
- Credit Suisse upgraded the European Telecom sector to Overweight from Market Weight to reflect higher forecasts for mobile growth...
OTHER UPGRADES:
- HSBC upgraded Ericsson (NASDAQ: ERIC) to Overweight from Neutral.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).
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