MOST NOTEWORTHY: Energy companies, Regulated and Diversified Utilities and Tailsman Energy were today's noteworthy upgrades:
- Bernstein raised its 2008 oil forecast to $92.30/bbl, up 27%, and 2008 natural gas forecast to $8.30/mcf, up 7%. By 2012, the firm expects oil prices to be around $86/bbl and for gas to be $9.2/mcf. The firm upgraded Apache Corp (NYSE: APA) and XTO Energy (NYSE: XTO) to Outperform from Market Perform and EnCana (NYSE: ECA) to Market Perform from Underperform.
- Goldman upgraded the Regulated and Diversified Utilities sub-sectors to Attractive from Neutral citing expected economic weakness, positive commodity exposure, and earnings growth. The firm upgraded American Electric Power (NYSE: AEP) to Buy from Neutral.
- Citigroup upgraded shares of Tailsman Energy (NYSE: TLM) to Buy from Hold ahead of the company's annual meeting as they believe it will announce a new strategy of low risk resource development on existing acreage and that shares will react positively.
OTHER UPGRADES:
- UBS raised Watson Wyatt (NYSE: WW) to Buy from Neutral.
- Jefferies upgraded Clear Channel Outdoors (NYSE: CCO) to Buy from Hold.
- Bear upgraded Telecom Italia (NYSE: TI) to Peer Perform from Underperform.

As it looks forward to the shareholder vote on the tumultuous $19.5 billion, $39.20 a share takeover offer from Bain Capital Partners LLC and Thomas H. Lee Partners LP, 

Today,
On tonight's MAD MONEY show on CNBC Jim Cramer was comparing new, and old, media stocks. While 








