Filed under: Analyst upgrades and downgrades, Wal-Mart (WMT), Sears Holdings (SHLD), CVS Corp (CVS)

MOST NOTEWORTHY: The Retailing Broadline Sector, Mips Technologies and Alliance Data were today’s noteworthy upgrades:

• Deutsche Bank upgraded the Retailing Broadline Sector to Neutral from Cautious and believes the worst is over for the retailing sector. The firm recommends long Buy rated CVS Caremark (NYSE:CVS) and Wal-Mart Stores (NYSE:WMT) vs. short Sell rated Sears Holding (NASDAQ:SHLD).
• B. Riley upgraded shares of Mips Technologies (NASDAQ:MIPS) to Buy from Neutral on valuation, as they find the risk/reward attractive at current levels.
• Alliance Data (NYSE:ADS) was raised to Outperform from Market Perform at JMP Securities following its strong Q4 report and guidance.

OTHER UPGRADES:

• Roche (RHHBY) was raised to Overweight from Neutral at HSBC.
• Bear upgraded Nordstrom (NYSE:JWN) to Outperform from Peer Perform.
• Wachovia raised Gilead Sciences (NYSE:GILD) to Outperform from Market Perform.

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This entry was posted on Thursday, January 31st, 2008 at 10:18 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.