MOST NOTEWORTHY: Quiksilver, Omniture and Crown Holdings were today’s noteworthy upgrades:

• B. Riley upgraded shares of Quiksilver (NYSE: ZQK) to Buy from Neutral on valuation and to reflect the EPS catalyst and debt reduction associated with divesting Rossignol.
• Friedman Billings upgraded shares of Omniture (NASDAQ: OMTR) to Outperform from Market Perform following the recent pullback, as they believe the company is in its best competitive position ever, which should drive increasing win rates and help restore pricing potential.
• Banc of America upgraded shares of Crown Holdings (NYSE: CCK) to Buy from
  Neutral to reflect the company’s worldly exposure and believes metal packaging companies should be better able to manage input inflation.

OTHER UPGRADES:

• UBS raised AmerisourceBergen (NYSE: ABC) to Neutral from Sell.
• Stephens raised its rating on Amedisys (NASDAQ: AMED) to Overweight from Equal Weight.
• Nordstrom (NYSE: JWN) and JC Penney (NYSE: JCP) were upgraded to Buy from Neutral at Goldman Sachs.

Original post by Eric Buscemi

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