Filed under: Analyst reports, Analyst upgrades and downgrades, Ford Motor (F), Netflix, Inc. (NFLX), Advanced Micro Dev (AMD)

MOST NOTEWORTHY: Ford Motor Co, Advanced Micro Devices, Brocade, Netflix and Equinix were today’s noteworthy upgrades:

• Bear Stearns believes Ford Motor Company (NYSE: F) could also benefit from similar deal to General Motors Corporation’s (NYSE: GM) potential VEBA healthcare restructuring with the UAW. The firm upgraded Ford shares to Outperform from Peer Perform.
• Advanced Micro Devices (NYSE: AMD) was upgraded to Neutral from Underweight at JP Morgan. The firm expects AMD’s Barcelona server chip will help close the gap vs. Intel Corporation (NASDAQ: INTC).
• Citigroup upgraded shares of Brocade Communications Systems (NASDAQ: BRCD) to Buy from Hold and added the stock to their Global Tech Conviction List on expectations for market share gains and margin upside in 2008.
• Thomas Weisel upgraded shares of Netflix Inc (NASDAQ: NFLX) to Overweight from Market Weight, citing reduced pressure from competitor Blockbuster Inc (NYSE: BBI), which could lead to upside in subscribers.
• Needham upgraded shares of Equinix (NASDAQ: EQIX) to Buy from Hold to reflect improving fundamentals and potential upside from the IXEurope acquisition.

OTHER UPGRADES:

• UBS upgraded shares of Sun Healthcare Group (NASDAQ: SUNH) and CSX Corporation (NYSE: CSX) to Buy from Neutral.
• Susquehanna raised Tween Brands Inc (NYSE: TWB) to Positive from Neutral.
• FTN Midwest upgraded Hudson City Bancorp (NASDAQ: HCBK) to Buy from Neutral.
• Bebe Stores (NASDAQ: BEBE) was upgraded to Outperform from Market Perform at Wachovia.

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This entry was posted on Monday, September 17th, 2007 at 11:27 am and is filed under Stocks Money News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.