Filed under: Analyst upgrades and downgrades

MOST NOTEWORTHY: Infineon, Intel and AmerisourceBergen were today’s noteworthy upgrades:

• ABN Amro upgraded Infineon Technologies (NYSE: IFX) to Buy from Hold as they expect the shares to outperform given the more stable currency environment and improving DRAM pricing.
• Thomas Weisel upgraded shares of Intel Corp. (NASDAQ: INTC) to Overweight from Market Weight citing checks that indicate above seasonal PC demand heading into 2008 driven by emerging markets.
• Banc of America upgraded shares of AmerisourceBergen Corp. (NYSE: ABC) to Buy from Neutral as they believe new contract wins for the company’s largest PBM customer should help offset soft script volumes in the near-term.

OTHER UPGRADES:

• Goldman added United Tech (NYSE: UTX) to its Conviction Buy List.
• The firm also upgraded Telecom Italia (NYSE: TI) to Neutral from Sell.
• JP Morgan upgraded Verint Systems (OTC: VRNT) to Neutral from Underperform.

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This entry was posted on Wednesday, December 5th, 2007 at 5:17 pm 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.