Filed under: Analyst reports, Analyst upgrades and downgrades

MOST NOTEWORTHY: UAL Corp, WPP Group, Aventine Renewable and VeraSun Energy were today’s noteworthy upgrades:

• JP Morgan upgraded UAL Corp (NASDAQ: UAUA) to Overweight from Neutral based on valuation and expectations for the company to make a capital announcement on next week’s conference call.
• Citigroup upgraded shares of WPP Group (NASDAQ: WPPGY) to Buy from Hold as they believe the company’s diversification will lead to low earnings volatility.
• UBS upgraded Aventine Renewable (NYSE: AVR) and VeraSun Energy (NYSE: VSE) to Buy from Neutral based on expectations for margin improvements following recent corn price declines.

OTHER UPGRADES:

• Werner Enterprises (NASDAQ: WERN) was upgraded to Neutral from Underweight at JP Morgan and to Neutral from Underperform at Merrill.
• Wachovia raised Yum! Brands (NYSE: YUM) to Outperform from Market Perform.
• Entergy (NYSE: ETR) was lifted to Buy from Hold at Jefferies.

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This entry was posted on Saturday, July 19th, 2008 at 3:20 am 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.