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MOST NOTEWORTHY: The Retailing Broadline Sector, Mips Technologies and Alliance Data were today's noteworthy upgrades:
- Deutsche Bank upgraded the Retailing Broadline Sector to Neutral from Cautious and believes the worst is over for the retailing sector. The firm recommends long Buy rated CVS Caremark (NYSE:CVS) and Wal-Mart Stores (NYSE:WMT) vs. short Sell rated Sears Holding (NASDAQ:SHLD).
- B. Riley upgraded shares of Mips Technologies (NASDAQ:MIPS) to Buy from Neutral on valuation, as they find the risk/reward attractive at current levels.
- Alliance Data (NYSE:ADS) was raised to Outperform from Market Perform at JMP Securities following its strong Q4 report and guidance.
OTHER UPGRADES:
- Roche (RHHBY) was raised to Overweight from Neutral at HSBC.
- Bear upgraded Nordstrom (NYSE:JWN) to Outperform from Peer Perform.
- Wachovia raised Gilead Sciences (NYSE:GILD) to Outperform from Market Perform.
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