0954 [Dow Jones] STOCK CALL: JP Morgan upgrades Macquarie...

0954 [Dow Jones] STOCK CALL: JP Morgan upgrades Macquarie Airports (MAP.AU) to Overweight from Neutral, lifting price target to A$3.75 from A$2.90, after remodeling valuation. Believes high quality management can add "significant value" to airport investments through both operations at Brussels and Rome, and innovative financing at Sydney and Brussels. Expects 8.3% forecast yield in FY07 to underpin, while monopolistic nature of assets, spread across range of regulatory regimes and geography's also appeals. MAP last A$3.29. (WEL)