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Analyst upgrades:

  • Piper Jaffray upgraded PetMed Express (NASDAQ: PETS) to Overweight from Neutral following the better-than-expected Q1 results. The firm raised its target on shares to $22 from $19.
  • Deutsche Bank upgraded International Paper (NYSE: IP) and Packaging Corp. (NYSE: PKG) to Buy from Hold to reflect stabilization in the containerboard industry. The firm raised its target price on Packaging Corp. to $24 from $14, and on International Paper to $24 from $16.
  • Bernstein upgraded Human Genome Sciences (NASDAQ: HGSI) to Outperform from Market Perform following the positive Phase III data for Benlysta in lupus.
  • IBM (NYSE: IBM) was upgraded to Hold from Sell at Societe Generale.
  • British Airways (OTC: BAIRY) was upgraded to Buy from Sell at Goldman.
  • Continental AG (OTC: CTTAY) was upgraded to Hold from Sell at Citigroup.

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Analyst upgrades, downgrades and initiations: CIEN, DLTR, EXPE, IBM, ZION ... originally appeared on BloggingStocks on Tue, 21 Jul 2009 11:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>ARWBAIRYBAYRYBBOXCIENCTTAYDHTDLTRdowngradesEEPEXPEHEPHGSIIBMIDIXinitiationsIPMATKPETSPKGupgradesZIONTue, 21 Jul 2009 11:40:00 EST