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MOST NOTEWORTHY: Genentech, ESS Technology and SemGroup Energy were today's noteworthy upgrades:
- Rodman & Renshaw upgraded Genentech (NYSE: DNA) to Outperform from Market Perform citing the FDA's approval of Avastin in mBC.
- Jefferies raised ESS Technology (NASDAQ: ESST) to Hold from Underperform to reflect the offer from Imperium Partners.
- Citigroup upgraded shares of SemGroup Energy (NASDAQ: SGLP) to Buy from Hold on valuation, as they believe the significant accretion expected from the partnership's recent asphalt terminal acquisition is not priced into the stock.
OTHER UPGRADES:
- Yum! Brands (NYSE: YUM) was raised to Buy from Neutral at UBS.
- RBC Capital upgraded Juniper (NASDAQ: JNPR) to Outperform from Sector Perform.
- Goldman raised its rating on BJ Services (NYSE: BJS) to Neutral from Sell.
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