July 14, 2009 (FinancialWire) (Investrend Research Syndicate) — ValuEngine, Inc. has upgraded Progress Energy Inc. (NYSE: PGN), Del Monte Foods Co. (NYSE: DLM) and American Electric Power Co., Inc. (NYSE: AEP) to a “5″ rating, the service’s highest.

The ValuEngine Rating is an overall assessment of a stock’s attractiveness. It combines the following five factors: ValuEngine’s proprietary valuation, risk-return tradeoff, momentum, market capitalization and ValuEngine’s proprietary forecasted one-month return.

Approximately 80 to 85 companies achieve this highest ValuEngine rating out of VE’s total coverage of over 5,000 publicly traded companies. These ratings are computed daily and are often discussed on financial broadcasts on General Electric (NYSE: GE) unit CNBC, Fox’s (NYSE: FOX) Fox News Channel, Bloomberg TV, and AOL Time Warner (NYSE: AOL) unit CNNfn by leading market forecasters such as Richard Suttmeier.

ValuEngine is a subscription-based business intelligence, market and equity analysis firm that provides exclusive, customized research and analysis solutions directly to companies, investors, investment banks and broker-dealers. A special arrangement between the Investrend Research Syndicate and ValuEngine provides for preferred introductions and complimentary value-added services for those enrolling into ValuEngine programs. For more information write to valuengine@investrend.com. To receive ValuEngine research and commentary news alerts, write to firstalert@investrend.com with “ValuEngine” in the subject line.

The Investrend Research Syndicate, a proprietary entity of Investrend Communications, Inc., distributes equity research-related information issued by sources that deemed to be dedicated to unbiased, reliable and transparent analytics. The primary measure for vetting those sources is the “Standards for Independent Research Providers” as promulgated by the FIRST Research Consortium.

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