Stock Upgrades, Downgrades from TheStreet.com Ratings

Each weekday, TheStreet.com Ratings updates its ratings on the stocks it covers. The proprietary ratings model projects a stock's total return potential over a 12-month period, including both price appreciation and dividends. Buy, hold or sell ratings designate how the Ratings group expects these stocks to perform against a general benchmark of the equities market and interest rates.

While the ratings model is quantitative, it uses both subjective and objective elements. For instance, subjective elements include expected equities market returns, future interest rates, implied industry outlook and company earnings forecasts. Objective elements include volatility of past operating revenue, financial strength and company cash flows.

Wipro(WIT Quote), an information technology company, has been upgraded to buy. The company enjoys a largely solid financial position with reasonable debt levels, impressive growth in EPS and net income, and an increase in stock price during the past year. These strengths are expected to outweigh the fact that company is trading at a premium valuation. ...