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MOST NOTEWORTHY: Mueller Water, ASM International and Kensey Nash were today's noteworthy upgrades:
- Baird upgraded shares of Mueller Water (NYSE: MWA) to Outperform from Neutral following recent channel checks, as they believe the company has seen a cyclical trough in earnings and downside is limited at current levels. The company's target was raised to $12 from $9.
- Jefferies upgraded shares of ASM International (NASDAQ: ASMI) to Buy from Hold as they believe a break-up is likely following bids for the company's front-end business.
- Susquehanna said Kensey Nash's (NASDAQ: KNSY) sale of its endovascular products division was the best outcome and will allow the company to focus on being a pure-play OEM biomaterials platform company. Shares were upgraded to Positive from Neutral.
OTHER UPGRADES:
- Goldman added Vistaprint (NASDAQ: VPRT) to the Conviction Buy List.
- UBS upgraded Smith & Nephew (NYSE: SNN) to Buy from Neutral.
- BorgWarner (NYSE: BWA) was raised to Overweight from Equal Weight at Lehman.
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