Analyst upgrades: ALU, OPXT and AXL

MOST NOTEWORTHY: Alcatel-Lucent, Opnext and American Axle were today's noteworthy upgrades:

Goldman upgraded shares of Alcatel-Lucent (NYSE:ALU) to Neutral from Sell to reflect the recovery of U.S. corporate bond yields which they believe is positive for the company's long-term pension liability. Goldman also thinks analyst estimates may have bottomed.
Thomas Weisel raised Opnext (NASDAQ:OPXT) to Overweight from Market Weight after their research indicated an acceleration in optical communications component industry revenue growth.
Deutsche Bank upgraded American Axle (NYSE:AXL) to Buy from Hold to reflect the cost savings from the UAW contract.

OTHER UPGRADES:

MFA Mortgage (NYSE:MFA) was upgraded at Keefe Bruyette to Outperform from Market Perform.
Citigroup upgraded Flagstone Reinsurance (NYSE:FSR) to Buy from Hold.
Merrill raised Crane Co (NYSE:CR) to Buy from Neutral.

Tags: ALU, analyst upgrades, AnalystUpgrades, AXL, CR, FSR, inthenews, MFA, OPXT

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