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MOST NOTEWORTHY: Infinity Pharmaceuticals, Legg Mason and Panera Bread were today's noteworthy upgrades:
- Rodman & Renshaw upgraded Infinity Pharmaceuticals (NASDAQ: INFI) to Outperform from Market Perform citing positive GSIT data at ASCO and expectations of a Phase III trial soon, encouraging data on its hedgehog inhibitor program, and valuation.
- Legg Mason (NYSE: LM) was upgraded to Neutral from Underperform at Credit Suisse citing valuation and potential M&A discussions.
- Piper upgraded shares of Panera Bread (NASDAQ: PNRA) to Buy from Neutral as they believe the company can lock in favorable wheat prices, creating upside to estimates and increased operating leverage.
OTHER UPGRADES:
Closing Bell: When We All Love the PIIGS (NBG, SQNM, PG, ERTS, KO)
Serious Money: Cheapest Stocks List Shrinks from 26 to 21
Chasing Value: Hasbro Earnings Makes My Point
