MOST NOTEWORTHY:

• 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.

• Baird upgraded Harley-Davidson Inc (NYSE: HOG) to Outperform from Neutral on valuation.

• 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.

• SAIA Inc (NASDAQ: SAIA) was upgraded to Equal Weight from Underweight at Stephens.

• France Telecom (NYSE: FTE) was upgraded to Neutral from Underperform at BNP Paribas.

• Raymond James raised Cognizant Technology Solutions Corp's (NASDAQ: CTSH) rating to Outperform from Sector Perform.

• Bernstein upgraded Satyam Computer (NYSE: SAY) to Outperform from Market Perform.

Analyst upgrades 7-09-07: HD, HOG, TEVA and WAG originally appeared on BloggingStocks on Mon, 09 Jul 2007 10:34:00 EST. Please see our terms for use of feeds.