Top Early Analyst Upgrades (CIEN, DF, GENZ, LPX, M, TAP, NOV, OC, VRTX)

These are some of the preliminary upgrades or positive research calls seen out of Wall Street analysts this Monday morning in early morning hours:

• Ciena (NASDAQ: CIEN) raised to Market Perform at JMP Securities.
• Dean Foods (NYSE: DF) Raised to Overweight at JPMorgan.
• Genzyme (NASDAQ: GENZ) Raised to Buy from Hold at Citigroup.
• Louisiana Pacific (NYSE: LPX) Raised To Sector Perform from Underperform at RBC.
• Macy’s (NYSE: M) Raised to Neutral from Underweight at JPMorgan.
• Molson Coors (NYSE: TAP) Raised to Buy from Hold at Deutsche Bank.
• National Oilwell Varco (NYSE: NOV) Raised to Buy at Banc of America.
• Owens Corning (NYSE: OC) Raised to Outperform at Morgan Keegan.
• Vertex Pharma (NASDAQ: VRTX) Started as Overweight at Thomas Weisel.

Jon C. Ogg
July 14, 2008