Filed under: Analyst reports, Analyst upgrades and downgrades, Google (GOOG), Novartis AG ADS (NVS)

MOST NOTEWORTHY: Google, Ross Stores and Novartis were today’s noteworthy upgrades:

• Jefferies upgraded Google (NASDAQ: GOOG) to Buy from Hold to reflect the company’s “impressive” improvements in monetization in Q1, no signs of weakness from the economic downturn and upside potential from display, video and mobile.
• Lehman upgraded Ross Stores (NASDAQ: ROST) to Overweight from Equal Weight and believes the company’s 2008 guidance of 8-9% sales growth and up to 20% bps in margin expansion will prove conservative.
• Morgan Stanley upped Novartis (NYSE: NVS) to Overweight from Underweight on valuation and expectations for positive news flow from the company’s vaccine division.

OTHER UPGRADES:

• JP Morgan upgraded Bladex to Neutral from Underweight.
• William Blair raised Watsco (NYSE: WSO) to Outperform from Market Perform.
• SunTrust (NYSE: STI) was upgraded at Baird to Neutral from Underperform.

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This entry was posted on Thursday, April 24th, 2008 at 2:10 pm and is filed under Goog 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.