MOST NOTEWORTHY: Akzo Nobel, SureWest Communications and the cable sector were today’s noteworthy upgrades:

• Deutsche Bank upgraded shares of Akzo Nobel (OTC: AKZOY) to Buy from Hold as they believe the company’s growth and restructuring potential are being undervalued by the market.
• Jefferies raised its rating on SureWest Communications (NASDAQ: SURW) with to Buy from Hold. The firm believes the company’s fiber network and strong cash position compose it an appealing M&A target.
• Morgan Stanley upgraded the cable sector to appealing from Cautious, plus upgrading Comcast
  (NASDAQ: CMCSA) to Overweight from Equal Weight.

OTHER UPGRADES:

• Lehman upgraded Comstock Resources (NYSE: CRK) to Equal Weight from Underweight and PDL BioPharma (NASDAQ: PDLI) to Overweight from Equal Weight.
• Cowen upgraded Genentech (NYSE: DNA) to Outperform from Neutral.
• Brandywine Realty Trust (NYSE: BDN) was upgraded to Neutral from Sell at Merrill Lynch.

Original post by Eric Buscemi

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