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MOST NOTEWORTHY: PetMed Express, Mindspeed and QLogic were today's noteworthy upgrades:
  • Piper upgraded shares of PetMed Express (NASDAQ: PETS) to Neutral from Sell after the company's Q1 results topped estimates on strong new customer growth. Piper raised their target to $14 from $11.
  • Oppenheimer raised Mindspeed (NASDAQ: MSPDD) to Outperform from Perform following the Q3 results, as they believe the company is hitting its stride in VoIP after years of investment and the stock is attractively valued.
  • Citigroup upgraded QLogic (NASDAQ: QLGC) shares to Buy from Hold following the company's Q1 results and Brocade (NASDAQ: BRCD)'s acquisition of Foundry Networks, Inc. (NASDAQ: FDRY) to reflect its solid fundamentals and the strategic significance of its switch business. The firm raised their target to $20 from $18.
OTHER UPGRADES:

Analyst upgrades: PETS, MSPDD and QLGC originally appeared on BloggingStocks on Tue, 22 Jul 2008 11:24:00 EST. Please see our terms for use of feeds.

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