Filed under: Analyst reports, Analyst upgrades and downgrades, Bank of America (BAC), Countrywide Financial (CFC)

MOST NOTEWORTHY: Countrywide Financial, AstraZeneca, Massey Energy and International Coal were today’s noteworthy upgrades:

• Wachovia upgraded Countrywide (NYSE: CFC) to Market Perform from Underperform, as they do not expect any other bidders to emerge and for the acquisition by Bank of America (NYSE: BAC) to close.
• HSBC upgraded AstraZeneca (NYSE: AZN) to Overweight from Neutral on valuation and their belief that an agreement with Ranbaxy on Nexium is possible.
• Massey Energy (NYSE: MEE) and International Coal (NYSE: ICO) were upgraded to Neutral from Underweight at JP Morgan citing higher coal price forecasts.

OTHER UPGRADES:

• UBS raised Helicos BioSciences (NASDAQ: HLCS) to Neutral from Sell.
• RBC Capital raised National City (NYSE: NCC) to Sector Perform from Underperform.
• Merrill upgraded Magellan Midstream Holdings (NYSE: MGG) to Buy from Neutral.

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This entry was posted on Wednesday, March 19th, 2008 at 11:42 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.