MOST NOTEWORTHY: Akzo Nobel, SureWest Communications and the cable sector were today's noteworthy upgrades:
- Deutsche Bank upgraded shares of Akzo Nobel (OTC: AKZOY) to Buy from Hold as they believe the company's growth and restructuring potential are being undervalued by the market.
- Jefferies raised its rating on SureWest Communications (NASDAQ: SURW) with to Buy from Hold. The firm believes the company's fiber network and strong cash position make it an attractive M&A target.
- Morgan Stanley upgraded the cable sector to Attractive from Cautious, also upgrading Comcast (NASDAQ: CMCSA) to Overweight from Equal Weight.
OTHER UPGRADES:
- Lehman upgraded Comstock Resources (NYSE: CRK) to Equal Weight from Underweight and PDL BioPharma (NASDAQ: PDLI) to Overweight from Equal Weight.
- Cowen upgraded Genentech (NYSE: DNA) to Outperform from Neutral.
- Brandywine Realty Trust (NYSE: BDN) was upgraded to Neutral from Sell at Merrill Lynch.
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