MOST NOTEWORTHY: Home Depot (HD), Harley-Davidson, Inc (HOG), Walgreen Co (WAG), Teva Pharmaceutical (TEVA) were today's noteworthy upgrades:
- Goldman upgraded Home Depot (NYSE: HD) to Buy from Neutral to reflect management changes and an improved business mix and capital structure. They note this is a longer-term call given the ongoing impact from the sluggish housing market.
- Matrix believes shares of Walgreen Co (NYSE: WAG) are undervalued as increasing sales of generic drugs continue to drive positive trends and upgraded shares to Strong Buy from Buy.
- Teva Pharmaceutical (NASDAQ: TEVA) was upgraded to Outperform from Peer Perform at Bear Stearns citing valuation and growth prospects.
OTHER UPGRADES:
- SAIA Inc (NASDAQ: SAIA) was upgraded to Equal Weight from Underweight at Stephens.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).
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