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MOST NOTEWORTHY: H&R Block, Talbots and SunPower were today's noteworthy upgrades:
- Oppenheimer believes H&R Block (NYSE: HRB) has shown several catalysts over the past few months, most importantly the sale of its mortgage business. The firm, which upgraded shares to Outperform from Perform, believes the company's strong 2008 tax season will lead to future growth, and they think the stock can appreciate 20%+, as catalysts are not yet fully reflected in the stock.
- Friedman Billings upgraded Talbots (NYSE: TLB) to Outperform from Market Perform as they believe the company has several sources of cash to avoid a liquidity crisis, charge card EPS contribution provides good visibility, improved merchandise margins, and better merchandising.
- Credit Suisse raised SunPower (NASDAQ: SPWR) to Outperform from Neutral citing strength in Italy and other geographies.
OTHER UPGRADES:
- Agco (NYSE: AG) was raised at Wachovia to Outperform from Market Perform.
- UBS upgraded Metso Oyg (OTC: MXCYY) to Buy from Neutral.
- JMP Securities upgraded SanDisk (NASDAQ: SNDK) to Market Perform from Underperform.
- Stifel upgraded eBay (NASDAQ: EBAY) to Buy from Hold.
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