MOST NOTEWORTHY:

• Lehman upgraded shares of MGM Mirage (NYSE: MGM) to Overweight from Equal-Weight on valuation as they believe the market is currently undervaluing the company's growth prospects.

• Motorola (NYSE: MOT) was raised to Market Perform from Underperform at JMP Securities on valuation.

• Following the acquisition of competitor Tele Atlas by TomTom, CIBC believes Navteq (NYSE: NVT) is well positioned to gain share, upgrading the stock to Sector Outperformer from Sector Performer, and believes Garmin (GRMN) should consider buying the company for its exclusive map content.

• AG Edwards believes the recent pullback in ExxonMobil (NYSE: XOM) has created a buying opportunity, upgrading shares to Buy from Hold.

• Intel (NASDAQ: INTC) was added to American Technology's Focus List following its recent sell-off...

• Citigroup upgraded Ingersoll-Rand (NYSE: IR) to Buy from Hold.

• Cox Radio (NYSE: CXR) was upgraded to Outperform from Market Perform at Wachovia.

• JP Morgan upgraded transports Knight Transportation (NYSE: KNX) and Norfolk Southern (NYSE: NSC) to Overweight from Neutral.

• PepsiCo (NYSE: PEP) was upgraded to Buy from Hold at Matrix USA.

Analyst upgrades 7-30-07: INTC, MOT, PEP and XOM originally appeared on BloggingStocks on Mon, 30 Jul 2007 11:13:00 EST. Please see our terms for use of feeds.