MOST NOTEWORTHY: JDSU (JDSU), MasterCard (MA), GlobalSanta Fe (GSF), Molson Coors (TAP) and TRW Inc (TRW) were today's notable upgrades:
- BMO Capital upgraded JDSU (NASDAQ: JDSU) to Market Perform from Underperform based on valuation and good industry fundamentals.
- AG Edwards considers MasterCard (NYSE: MA) a defensive payments play, upgraded shares to Buy from Hold, and would use weakness to build positions in the stock.
- GlobalSanta Fe (NYSE: GSF) was upgraded at Bernstein to Market Perform from Underperform based on the merger with Transocean (RIG).
- Molson Coors (NYSE: TAP) was upgraded to Buy from Neutral at Goldman based on valuation and potential increased free cash flow in 2008.
- TRW Inc (NYSE: TRW) was upgraded to Buy from Sell at Goldman...
OTHER UPGRADES:
- Fossil (NASDAQ: FOSL) was upgraded to Outperform from Market Perform at Piper Jaffray.
- Keybanc raised Macy's (NYSE: M) rating to Buy from Hold.
Analyst summaries provided by
TheFlyOnTheWall.com (subscription required).
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