The shares of Washington Post are up more than 1% out of the gate this morning after Deutsche Bank upgraded the stock from hold to buy, citing the company's counter-cyclical education division and exposure to politically-focused television during the next year. In a note, Deutsche Bank noted that Despite the fact that the Kaplan division is now about 30% of company, we think the market is still valuing WPO more like a local media company than an education company with high single digit revenue and EBTIDA growth.

Today's upgrade leaves WPO with 1 hold and 1 buy rating from brokerage firms, according to Zacks. The lightly covered shares could benefit from fresh analyst attention or any positive comments from the remaining skeptic.

Technically, WPO shares achieve the difficult task of making Google shares look cheap the equity recently broke through resistance from the 800 level. The stock's 10-week and 50-week moving averages have combined to support its ascent since May 2007.

While short interest on the stock declined by more than 7% last month, WPO still has about 5 days of short-covering fuel left in the tank.