MOST NOTEWORTHY: Molson Coors, Knightsbridge Tankers and the Railroad sector were today’s noteworthy upgrades:

• Banc of America upgraded shares of Molson Coors (NYSE: TAP) to Buy from Neutral as they believe the company’s joint venture with SABMiller (OTC: SBMRY) could nearly double North American profits and that risks are largely priced in shares.
• Jefferies upgraded shares of Knightsbridge Tankers (NASDAQ: VLCCF) to Buy from Hold on valuation and finds the dividend yield appealing at 12.4%.
• Bear raised the Railroad Sector to Overweight from Market Weight. The firm upgraded Burlington Northern Santa Fe (NYSE: BNI), Canadian National Railway
  (NYSE: CNI) and Union Pacific (NYSE: UNP) to Outperform from Peer Perform citing valuations and the belief that rail volumes are shut to a bottom.

OTHER UPGRADES:

• Morgan Stanley upgraded Royal Bank of Scotland (NYSE: RBS) and HSBC Holdings (NYSE: HBC) to Equal Weight from Underweight.
• Goldman upgraded China Unicom (NYSE: CHU) to Buy from Neutral.
• Deutsche raised DuPont (NYSE: DD) to Buy from Hold.

Original post by Eric Buscemi

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