Filed under: Analyst upgrades and downgrades, Good news, Allegheny Technologies (ATI), Johnson Controls (JCI), Raytheon Company (RTN)

MOST NOTEWORTHY: China Petroleum & Chemical, Syniverse and Allegheny Tech were today’s noteworthy upgrades:

• Deutsche Bank upgraded China Petroleum & Chemical Corporation (NYSE: SNP) to Buy from Hold on valuation following the recent sell-off.
• ThinkEquity upgraded Syniverse Holdings Inc (NYSE: SVR) to Buy from Accumulate citing growth from further price reductions and adoption of new technologies that will drive transaction volumes.
• Allegheny Technologies Incorporated (NYSE: ATI) was raised to Buy from Neutral at Goldman.The firm upgraded Allegheny based on valuation, low stainless steel inventories, and nickel price stabilization.

OTHER UPGRADES:

• Napster Inc (NASDAQ: NAPS) was upgraded to Outperform from Peer Perform at Bear Stearns.
• Goldman raised Raytheon Company (NYSE: RTN) to Neutral from Sell.
• Johnson Controls Inc (NYSE: JCI) was upgrade to Buy from Add at Calyon.

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This entry was posted on Monday, February 11th, 2008 at 1:43 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.