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Analyst upgrades:- JP Morgan upgraded Astoria Financial (NYSE: AF) to Neutral from Underweight on valuation as it finds the stock fairly valued at current levels.
- Seagate Technology (NASDAQ: STX) was upgraded to Neutral from Sell at American Technology.
Analyst downgrades:
- Soleil downgraded Sunoco (NYSE: SUN) to Hold from Buy on valuation following the recent rally and is concerned about rising distillate inventories on the East Coast.
- Deutsche Bank downgraded MedCath (NASDAQ: MDTH) to Hold from Buy and lowered its target to $12.50 from $14 as it believes FY09 consensus estimates remain too high.
- Piper Jaffray downgraded ReneSola (NYSE: SOL) to Neutral from Buy and Canadian Solar (NASDAQ: CSIQ) to Sell from Neutral.
- LHC Group (NASDAQ: LHCG) was cut to Hold from Buy at Deutsche Bank.
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