Analyst upgrades: DK, TSO and AEO

MOST NOTEWORTHY: Delek US Holdings, Tesoro and American Eagle were today's noteworthy upgrades:

Citigroup upgraded shares of Delek US Holdings (NYSE: DK) and Tesoro Corp. (NYSE: TSO) to Buy from Hold to reflect their more positive stance on refiners.
Bear upgraded American Eagle Outfitters (NYSE: AEO) to Outperform from Peer Perform, citing positive risk/reward given its favorable positioning relative to the teen sub-sector, sustainable margins, and healthy balance sheet.

OTHER UPGRADES:

Kroger Co. (NYSE: KR) was upgraded to Outperform from Neutral at Credit Suisse.
National Australia Bank (OTC: NABZY) was raised to Neutral from Underweight at JP Morgan.
Lehman upgraded Orbitz Worldwide (NYSE: OWW) to Overweight from Equal Weight.

Tags: AEO, DK, KR, NABZY, OWW, TSO

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