MOST NOTEWORTHY: DaimlerChrysler (DCX), Omniture (OMTR), Convergys (CVG), Expedia (EXPE) and Baidu.com (BIDU) were today's noteworthy upgrades:
- WestLB upgraded shares of DaimlerChrysler (NYSE: DCX) to Buy from Add after the company raised the profit margin forecast for its Mercedes unit.
- Omniture (NASDAQ: OMTR) was upgraded by Piper Jaffray to Market Perform from Underperform to reflect the company's strong revenue momentum and expanding margins.
- Wedbush upgraded Convergys (NYSE: CVG) to Hold from Sell on valuation.
OTHER UPGRADES:
- Bear Stearns upgraded shares of Ryder System (NYSE: R) to Outperform from Underperform.
- Lehman raised EnCana Corp (NYSE: ECA) to Equal Weight from Underweight.
- USG Corp (NYSE: USG) was raised to Neutral from Underperform at Buckingham.
- Morgan Keegan upgraded shares of Panera Bread (NASDAQ: PNRA) to Outperform from Market Perform.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).
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