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.

MOST NOTEWORTHY:

• UBS cut Palm, Inc (NASDAQ: PALM) to Reduce from Neutral citing valuation. Bank of America downgraded shares to Neutral from Buy with an $18 target and considers the risk/reward less favorable at these levels.

• Bank of America also downgraded Reliant Energy (NYSE: RRI) to Sell from Neutral on valuation.

• Hillard Lyons cut Take-Two Interactive Software (NASDAQ: TTWO) to Neutral from Outperform.

• CIBC downgraded Jabil Circuit, Inc (NYSE: JBL) to Sector Performer from Outperformer following the company's disappointing outlook. Bear Stearns cut Jabil to Peer Perform from Outperform. BMO cut the company to Market Perform from Outperform.

• Friedman, Billings, Ramsey downgraded shares of FormFactor, Inc (NASDAQ: FORM) to Market Perform from Outperform to reflect increased risks in the logic market and long-term growth concerns.

• Matrix USA downgraded Knight Transportation (NYSE: KNX) to Hold from Buy.

• American Technology downgraded shares of Comverse Technology, Inc (NASDAQ: CMVT) to Neutral from Buy as the firm believes a retreat to the $17 range is likely given the company's disappointing margin trends.

• CL King cut Claire's Stores, Inc (NYSE: CLE) to Neutral from Strong Buy following the buyout offer.

• Goldman downgraded Atmos Energy Corp (NYSE: ATO) to Sell from Neutral and Liz Claiborne, Inc (NYSE: LIZ) to Neutral from Buy.

Analyst downgrades 3-23-07: Palm & Take-Two Interactive downgraded today originally appeared on BloggingStocks on Fri, 23 Mar 2007 11:11:00 EST. Please see our terms for use of feeds.