Filed under: Analyst upgrades and downgrades, CIGNA Corp (CI)

MOST NOTEWORTHY: Analog Semiconductors, Hill International and Varian Semi were today’s noteworthy upgrades:

• Lehman upgraded Analog Devices (NYSE: ADI), Fairchild Semi (NYSE: FCS), and Intersil Corp (NASDAQ: ISIL) to Overweight from Equal Weight. The firm believes Analog semis have one of the most attractive risk/reward profiles in technology and expects the group to outperform in 2008.
• B. Riley raised Hill International (NYSE: HIL) to Buy from Neutral following the company’s Q4 results which they believe continued to reflect strong growth across both segments of the business.
• ThinkEquity upgraded Varian Semi (NASDAQ: VSEA) to Accumulate from Source of Funds citing valuation and expectations that the company will end up with over 70% of the overall implant market past 2008. The firm adds that scale and pricing power should drive upside to margins.

OTHER UPGRADES:

• Collective Brands (NYSE: PSS) was raised to Buy from Hold at Soleil.
• JP Morgan upgraded Rockwell Collins (NYSE: COL) to Overweight from Neutral.
• UBS upgraded Cigna (NYSE: CI) to Buy from Neutral.

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This entry was posted on Monday, March 24th, 2008 at 8:40 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.