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MOST NOTEWORTHY: Wright Medical, Bristol-Myers and Tibco were today's noteworthy upgrades:
- Thomas Weisel upgraded shares of Wright Medical (NASDAQ: WMGI) to Overweight from Market Weight after transferring coverage to another analyst, as they believe the company is well-positioned for continued good near-term performance.
- Bernstein upgraded Bristol-Myers (NYSE: BMY) to Outperform from Market Perform citing valuation, growth, and views the company as a potential M&A target.
- Jefferies upgraded Tibco (NASDAQ: TIBX) to Hold from Underperform as they believe investor expectations for a buyout will keep the stock steady despite the company's deteriorating fundamentals.
OTHER UPGRADES:
- Independent Bank (NASDAQ: IBCP) was raised to Perform from Underperform at Oppenheimer.
- Brinker (NYSE: EAT) was raised at Goldman to Neutral from Sell.
- Piper upgraded The9 (NASDAQ: NCTY) to Buy from Neutral.
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