Top Upgrades/Downgrades and Company News (Jan. 10, 2011)

DuPont (NYSE:DD) reported plans to purchase Danish firm Danisco for $5.8 billion in cash, which is expected to cut 2011 earnings of $3.30-$3.60 by a range of $0.30-$0.45 per share
Playboy Enterprises (NYSE:PLA) is reportedly going private at $6.15 per share
Duke Energy (NYSE:DUK) announced plans to buy Progress Energy (NYSE:PGN) for $13.7 billion, or $46.48 per share
UBS (NYSE:UBS) upgraded General Electric (NYSE:GE) from “neutral” to “buy” rating, increasing the target price from $19 to $23
Goldman Sachs (NYSE:GS) upgraded Target (NYSE:TGT) from “neutral” to “buy” rating with a target price $62. The firm downgraded Wal-Mart (NYSE:WMT) from “buy” to “neutral” rating with target price of $60 per share
Morgan Stanley (NYSE:MS) upgraded Advanced Micro Devices (NYSE:AMD) from “underweight” to “equalweight”
Goldman Sachs (NYSE:GS) upgraded Parker-Hannifin (NYSE:PH) from “neutral” to “buy” rating and raised the target price from $92 to $105