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MOST NOTEWORTHY: Sun Microsystems Inc (SUNW) and the Telecom Services Sector were the most notable stocks on today's list.
  • First Albany upgraded shares of Sun Microsystems (NASDAQ: SUNW) to Buy from Neutral with a $7 target and has increased confidence that Sun can deliver on its 10%-plus operating margin following KKR's appointment to the Board.
  • Morgan Stanley upgraded the Telecom Services sector to In Line from Cautious, citing a positive view on AT&T Inc (NYSE: T) and industry trends.

OTHER UPGRADES:
  • Goldman Sachs added Occidental Petroleum Corp (NYSE: OXY) to its America's Conviction Buy List and upgraded shares to Buy from Neutral, citing valuation.
  • Bear Stearns upgraded EMC Corp (NYSE: EMC) to Outperform from Peer Perform following its fourth-quarter report citing improved execution and a favorable demand environment.
  • Longbow upgraded AK Steel Holding Corp (NYSE: AKS) to Neutral from Sell.
  • Raymond James upgraded Brinker International Inc (NYSE: EAT) to Outperform from Neutral.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).

Analyst upgrades 1-24-07: First Albany warms up to Sun Microsystems originally appeared on BloggingStocks on Wed, 24 Jan 2007 11:12:00 EST. Please see our terms for use of feeds.

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