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Analyst Upgrades
- FBR Capital upgraded New York Community Bancorp (NYB) to outperform from market perform following the FDIC-assisted acquisition of AmTrust. The firm raised its target price on shares to $16 from $11.
- Oppenheimer upgraded Brocade (BRCD) to outperform from perform to reflect valuation, low investor expectations, and the company's potential to gain market share in IP/Ethernet switching. The firm set a target price of $8.50 on shares.
- Stifel Nicolaus upgraded National Health Investors (NHI) to buy from hold following the announcement that the litigation vs. Care Foundation has been dismissed. The firm has a $37 target on the stock.
- American Express (AXP) was upgraded to neutral from underperform at BofA/Merrill.
- ACE Ltd. (ACE) was upgraded to buy from neutral at Goldman.
- Kohl's (KSS) was raised to outperform from neutral at Baird.
Maybe it was the dollar rising earlier, maybe it was poor housing data from a 
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