OPENWAVE (OPWV)

[to_da_moon]

09:27 ET Openwave upgraded at Raymond James (OPWV) 3.93: Raymond James upgrades to Strong Buy from Outperform, saying positive data out of key wireless and wireline operators gives them increased confidence that OPWV can begin to show sequential growth in the Dec qtr; also, the co's leading position in important wireless and wireline data software markets suggests the co can trade at an EV/sales of 3.5x when stability is evident, vs the current multiple of 1.9x FY04 (June) rev; raises target to $6 from $3.50.