MOST NOTEWORTHY: St. Jude Medical (STJ), Juniper Networks (JNPR), Satyam Computer (SAY), Clearwire (CLWR) and Citrix Systems (CTXS) were today's noteworthy upgrades:
- St. Jude Medical's (NYSE: STJ) upgrade to Outperform from Market Perform at Wachovia was based on signs of an ICD recovery and reasonable valuation.
- Baird upgraded shares of Juniper (NASDAQ: JNPR) to Outperform from Neutral following better-than-expected guidance; Goldman upgraded Juniper to Buy from Neutral.
- Satyam (NYSE: SAY) was upgraded to Positive from Neutral at Susquehanna citing better than expected growth.
- Clearwire (NASDAQ: CLWR) was upgraded to Outperform from Peer Perform at Bear Stearns following the announcement that Sprint (S) and Clearwire will form a Nationwide 4G/Wimax Network.
- Citrix (NASDAQ: CTXS) was upgraded at Jefferies to Buy from Hold as they believe the strong customer response to Presentation Server Platinum Edition and the pipeline buildup related to NetScaler 8.0 bode well for the second half of 2007...
OTHER UPGRADES:
- Lehman raised DSW Inc (NYSE: DSW) to Overweight from Equal-Weight.
- Goldman upgraded shares of Labor Ready (NYSE: LRW) to Neutral from Sell.
- Raymond James upgraded Pfizer (NYSE: PFE) to Strong Buy from Market Perform.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).
Closing Bell: Can't go up every day (BAC, HE, HPW, COMS, BRCD, WMT, AMD)
Wal-Mart grows profit and cash flow in Q3, but comps still ailing
Chasing Value: Ten stocks for 2010 -- Part 2
