- JPMorgan upgraded Smith Micro (SMSI) to overweight from neutral and raised its price target to $15 from $9, citing the release of a WiFi iPad with MiFi from Verizon and Apple.
- Jefferies upgraded Whole Foods (WFMI) to buy from hold and raised its price target to $45 from $36, citing checks that indicate sales are accelerating and the company has been focused on expense control.
- Wells Fargo upgraded Ensco (ESV) and raised its price target to $54 to $56 from $46 to $47, citing valuation, the lifted deepwater drilling ban and higher oil prices.
- Gran Tierra Energy (GTE) was upgraded to buy from hold at Wunderlich, citing the company's Moqueta oil discovery as well as other near-term exploration opportunities, and raised its price target to $12.50 from $7.00.
- Chico's FAS (CHS) was upgraded to buy from hold at KeyBanc and set a $13 price target.
- UR-Energy (URE) was upgraded to buy from hold at KeyBanc.
- Deutsche Bank downgraded American Superconductor (AMSC) to hold from buy with a $36 price target, citing a lack of near-term catalysts and valuation.
- Wells Fargo downgraded Pride International (PDE) to market perform from outperform but raised its target range for shares to $34 to $36 from $32 to $35, citing valuation.
- ThinkEquity downgraded Anadys Pharma (ANDS) to hold from buy and lowered its price target to $2 from $7, citing Anadys' decision to raise $23M in an equity offering.
- JCPenney (JCP) was downgraded to equal weight from overweight at Barclays and keeps a $30 price target.
- QLogic (QLGC) was downgraded to equal weight from overweight at Morgan Stanley.
- Smith & Nephew (SNN) was downgraded to neutral from outperform at Exane BNP Paribas.
- Citigroup initiated United Continental (UAL) with a buy and $34 price target.
- Leerink initiated Bio-Rad (BIO) with a market perform and a $95 to $103 valuation range.
- Deutsche Bank initiated CBOE Holdings (CBOE) with a hold and a $23 price target.
- Longbow initiated videogame industry stocks, including Activision (ATVI) with a neutral, THQ (THQI) with a neutral, Electronic Arts (ERTS) with a buy and a $22 price target, and Take-Two (TTWO) with a buy and a $13 price target.