MOST NOTEWORTHY: General Motors (GM), Sirius Satellite Radio (SIRI), LSI Corp (LSI), Chevron (CVX), National City (NCC) and LivePerson (LPSN) were today's noteworthy upgrades:
- Goldman Sachs upgraded General Motors (NYSE: GM) to Buy from Neutral as they believe the stock will rise on expectations of sizeable concessions from union talks. The broker said this is a "tactical trading call."
- Morgan Joseph upgraded shares of Sirius Satellite Radio (NASDAQ: SIRI) to Buy from Hold citing the OEM ramp & modest consensus estimates.
- American Technology added LSI Corp (NYSE: LSI) to their Focus List as they believe investors are discounting a lot of negative assumptions at the current valuation. They recommend using the recent weakness to aggressively build positions below $9.
- Bank of America upgraded shares of Chevron Corp (NYSE: CVX) citing valuation and potential volume increases in its deepwater portfolio.
- AG Edwards upgraded National City (NYSE: NCC) to Hold from Sell and Roth upgraded LivePerson to Hold from Sell on valuation...
OTHER UPGRADES:
- Bristol-Myers (NYSE: BMY) was upgraded to Outperform from Peer Perform at Bear Stearns.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).
America's 10 Highest-Paid CEOs of 2011 (and How They Earned It)
What Happened When Alex Kenjeev Paid His Student Loan in Cash
Goldman Earnings Sink After Buffett Dividend
Johnson & Johnson's Income Falls 23%
Burberry Shares Leap on Sales Update
