Filed under: Analyst upgrades and downgrades, Good news

MOST NOTEWORTHY: Disney, GlaxoSmithKline and Owens Illinois were today’s noteworthy upgrades:

• Oppenheimer upgraded shares of Disney (NYSE: DIS) to Outperform from Perform ahead of the company’s Q1 results, as they expect in the quarter and find the valuation attractive at current levels.
• GlaxoSmithKline (ASE: GSK) was raised to Neutral from Underweight at HSBC on valuation as they believe the dividend yield provides support.
• Owens Illinois (NYSE: OI) was upgraded to Buy from Hold at Deutsche Bank following the Q4 upside, as they believe the company is gaining traction with its pricing initiatives.

OTHER UPGRADES:

• PepsiAmericas (NYSE: PAS) was upgraded to Peer Perform from Underperform at Bear Stearns.
• Goldman added Simon Property (NYSE: SPG) to its Conviction Buy List.
• Jefferies upgraded Infinera (NASDAQ: INFN) to Buy from Hold.

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This entry was posted on Friday, February 1st, 2008 at 2:46 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.