Here is a list of this morning’s top companies upgrades, downgrades, and initiations by brokerage firms.
Upgrades:
- AnnTaylor (ANN) upgraded to Buy at Wall Street Strategies; price target $28
- Encore Energy Partnersy (ENP) upgraded to Outperform from Perform at Wells Fargo
- Forest Oil (FST) upgraded to Strong Buy from Perform at Raymond James
- NutriSystem (NTRI) upgraded to Buy from Hold at Lazard
- Powerwave Technologies (PWAV) upgraded to Buy from Neutral at Merriman & to Buy from Hold at Jefferies
- Qiagen NV (QGEN) upgraded to Perform from Underperform at RBC Capital Markets
- Salesforce.com (CRM) upgraded to Buy from Neutral at Goldman; price target $102 from $60
- Sapient (SAPE) upgraded to Buy from Hold at Citigroup
- Synovus Financial (SNV) upgraded to Buy from Hold at Citigroup
- Valeant Pharmaceuticals (VRX) upgraded to Neutral from Underweight at Piper Jaffray; price target $44 from $27
Downgrades:
- eHealth (EHTH) downgraded to Hold from Buy at ThinkEquity
- Hologic (HOLX) downgraded to Perform from Outperform at RBC Capital Markets
- Kaydon (KDN) downgraded to Hold from Buy at KeyBanc
- True Religion Apparel (TRLG) downgraded to Hold from Buy at Lazard
Coverage Initiated:
- Applied Signal Technology (APSG) initiated with a Perform at Morgan Keegan
- Calix Networks (CALX) initiated with a Buy at Jefferies; price target $16
- City Telecom (H.K.) Limited (CTEL) initiated with an Outperform at Oppenheimer; price target $18
- Corcept Therapeutics (CORT) initiated with an Outperform at JMP Securities; price target $6
- MercadoLibre (MELI) initiated with an Overweight at Piper Jaffray; price target $64
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