MOST NOTEWORTHY:

• Wachovia upgraded Lee Enterprises (NYSE: LEE) to Market Perform from Underperform on valuation.

• RBC Capital raised Pep Boys (NYSE: PBY) to Sector Perform from Underperform citing upside potential from its real estate monetization strategy.

• Cumulus Media (NASDAQ: CMLS) was upgraded to Hold from Sell at Citigroup based on the proposed buyout offer.

• VeraSun Energy (NYSE: VSE) was upgraded to Hold from Sell at Soleil based on the acquisition of three 110mgy ethanol projects from ASAlliance.

• Gabelli upgraded Acuity Brands (NYSE: AYI) to Hold from Sell following the company's announcement that it will pursue a tax-free spin-off of its specialty products business...

• Keefe Bruyette upgraded Delphi Financial Group (NYSE: DFG) to Outperform from Market Perform.

• RightNow Technologies (NASDAQ: RNOW) was upgraded to Outperform from Neutral at Credit Suisse.

• Pacific upgraded Secure Computing (NASDAQ: SCUR) to Outperform from Sector Perform.

• Lehman raised Xcel Energy (NYSE: XEL) to Equal Weight from Underweight.

• Stanford upgraded Amylin Pharmaceuticals (NASDAQ: AMLN) to Buy from Hold.

Analyst upgrades 7-24-07: CMLS, DFG, PBY and RNOW originally appeared on BloggingStocks on Tue, 24 Jul 2007 10:52:00 EST. Please see our terms for use of feeds.

MOST NOTEWORTHY:

• Citigroup cut AutoZone (NYSE: AZO) to Hold from Buy with a $145 target based on valuation.Gabelli also downgraded shares of AutoZone to Hold from Buy.

• Lehman downgraded shares of Blue Nile (NASDAQ: NILE) to Equal Weight from Overweight, citing valuation and competitive concerns from Amazon.com (AMZN), which may look to strengthen their position in the diamond engagement market.

• MetLife (NYSE: MET) was cut to Neutral from Buy on valuation.

• Analog Devices Inc (NYSE: ADI) was cut by Credit Suisse and JP Morgan to Neutral from Outperform, by Sanders Morris to Neutral from Buy and by Merrill Lynch to Sell from Neutral after the company reported weak Q2 results.

• Matrix downgraded Advanced Micro Devices (NYSE: AMD) to Strong Sell from Hold based on the loss of market share to Intel Corp's (INTC) new products...

• Lehman cut Xcel Energy Inc (NYSE: XEL) and Pinnacle West Capital Corp (NYSE: PNW) to Underweight from Equal-Weight.

• Bernstein downgraded Chevron Corp (NYSE: CVX) to Market Perform from Outperform.

• Credit Suisse downgraded ValueClick, Inc (NASDAQ: VCLK) to Neutral from Outperform.

• Bear Stearns cut CNOOC Ltd (NYSE: CEO) to Peer Perform from Outperform.

Analyst downgrades 5-23-07: AMD, AZO, CVX and VCLK originally appeared on BloggingStocks on Wed, 23 May 2007 11:20:00 EST. Please see our terms for use of feeds.