<!--StartFragment--> <strong>MICROGEN<br /></strong>Investec Securities reiterate their &ldquo;buy&rdquo; recommendation for IT group Microgen, which has issued an upbeat trading statement for the first half of the year.<br /><br />Investec believe that Microgen&rsquo;s Aptitude branch looks particularly strong, having signed major contracts with blue-chip customers. Full-year earnings are ahead of expectations.<br /><br /><strong>WM MORRISON<br /></strong>Bank of America Merrill Lynch feels that Wm Morrison looks oversold after having underperformed the retail sector at near 12 per cent, and have upgraded their recommendation to &ldquo;buy&rdquo; with a price objective of 280p. Impressive sales densities and ongoing cost savings should position Morrison well even after the summer heat-wave boost.<br /><br /><strong>WPP<br /></strong>Oriel Securities has upgraded their recommendation from &ldquo;add&rdquo; to &ldquo;buy&rdquo; for advertising agency WPP. Believing the downgrade cycle to be at, or very close to, its end, Oriel made its recommendation on the basis of what it said was currently a seductive share price having recently fallen and appearing to have reached its bottom. <!--EndFragment-->