MOST NOTEWORTHY:

• HSBC upgraded AU Optronics (NYSE: AUO) to Overweight from Neutral following the company's Q2 results.

• Jefferies raised RightNow Technology (NASDAQ: RNOW) to Buy from Hold, believing low expectations have created a buying opportunity and that fundamentals remain intact.

• JP Morgan upgraded shares of Alaska Air (NYSE: ALK) to Overweight from Netural on valuation.

• Citigroup upgraded Nordstrom (NYSE: JWN) to Buy from Hold on valuation; they consider the recent pullback a buying opportunity.

• Citigroup upgraded Gap (NYSE: GPS) to Buy from Hold from valuation and expects for better execution and cost savings in 2008 under the new CEO.

• Credit Suise upgraded Old Dominion Freight Line (NASDAQ: ODFL) to Outperform from Neutral on valuation...

• Merriman upgraded MicroTune (NASDAQ: TUNE) to Buy from Neutral.

• Citirgroup raised Aeropostale (NYSE: ARO) to Hold from Sell.

• Merrill upgraded Cathay General (NASDAQ: CATY) to Neutral from Sell.

• The NYSE Euronext (NYSE: NYX) was upgraded to Neutral from Sell.

• Wachovia raised shares of Wendy's (NYSE: WEN) to Market Perform from Underperform.

Analyst upgrades 7-27-07: GPS, JWN, NYX and ODFL originally appeared on BloggingStocks on Fri, 27 Jul 2007 10:55:00 EST. Please see our terms for use of feeds.

MOST NOTEWORTHY:

• JMP Securities downgraded shares of WCI Communications Inc (NYSE: WCI) to Underperform from Market Perform to reflect the negative Q4 pre-announcement and lower-than-expected traditional home net orders.

• L-1 Identity Solutions Inc (NYSE: ID) was downgraded to Sell from Neutral at Oppenheimer, noting that the Transportation Security Administration is prepared to award the Transportation Worker Identification Card contract to Lockheed instead of L-1.

• General Dynamics Corp (NYSE: GD) was downgraded to Hold from Buy by AG Edwards, citing valuation.

• Matrix USA downgraded Microtune Inc (NASDAQ: TUNE) to Strong Sell from Sell on valuation.

• Convergys Corp (NYSE: CVG) was downgraded to Sell from Hold, with a $22 target, based on valuation.

• BancFirst Corp (NASDAQ: BANF) was downgraded to Underperform from Market Perform, with a $45 target, at Keefe Bruyette following the disappointing Q4 report.

Analyst downgrades 1-25-07: L-1 Identity could lose contract, gets downgraded originally appeared on BloggingStocks on Thu, 25 Jan 2007 11:34:00 EST. Please see our terms for use of feeds.