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Analyst upgrades:
- Goldman upgraded Bed Bath & Beyond (NASDAQ: BBBY) to Buy from Neutral based on valuation and a potential margin rebound at Linens N' Things.
- Citigroup upgraded Rockwell Automation Inc. (NYSE: ROK) to Hold from Sell on valuation and believes expectations have been reset to a reasonable level. The company's target was lowered to $27 from $33.
- Friedman Billings upgraded shares of Ceradyne (NASDAQ: CRDN) to Outperform from Market Perform on valuation following the recent weakness and thinks the Army will move forward with a larger XSAPI procurement in FY09. The firm raised their target to $30 from $26.
- Goldman added Wyeth (NYSE: WYE) to the Conviction Buy List.
- Equity Residential (NYSE: EQR) was upgraded to Buy from Neutral at UBS.
- Analog Devices (NYSE: ADI) was raised to Overweight from Equal Weight at Morgan Stanley.
Analyst downgrades:
Comfort Zone Investing: Why GE's Dividend Increase Matters
Six Deadbeat Stocks to Clean Out of Your Portfolio
Federal Reserve Ordered to Release Bail Out Documents
