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MOST NOTEWORTHY: The trucking sector, Banco Santander and StatoilHydro were today's noteworthy upgrades:
- Bear upgraded the trucking sector to Market Weight from Underweight and continues to expect weak pricing but believes valuations are near a bottom. The firm raised Con-way Inc. (NYSE: CNW) and Knight Transportation (NYSE: KNX) to Peer Perform from Underperform.
- WestLB upgraded shares of Banco Santander (NYSE: STD) to Buy from Add as they believe the company's diversified business would shield it from an economic slowdown in Spain.
- StatoilHydro (NYSE: STO) was upgraded to Buy from Hold at Societe Generale on valuation, as they believe the company has one of the most risk/reward profiles in the industry.
OTHER UPGRADES:
- Under Armour (NYSE: UA) was upgraded to Buy from Hold at Citigroup.
- B. Riley upgraded Actuate (NASDAQ: ACTU) to Buy from Neutral.
- Deutsche Bank raised RF Micro (NASDAQ: RFMD) to Hold from Sell.
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