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Analyst Upgrades
- UBS upgraded Starbucks (SBUX) to buy from neutral, citing expectations for sales momentum. The firm raised its price target to $29 from $27.
- Piper Jaffray upgraded Sonic (SONC) two notches to overweight from underweight on expectations the company's sales and margin trends are set to improve. The firm raised its target price for shares to $12 from $8.
- BMO Capital upgraded Chicago Bridge & Iron (CBI) to outperform from market perform, citing its outlook for earnings growth. The firm has a $30 target on the stock.
- Clorox (CLX) was upgraded to overweight from equal weight at Barclays.
- Alexion Pharma (ALXN) was upgraded to conviction buy from buy at Goldman.
- Compellent (CML) was upgraded to buy from hold at ThinkEquity.
Goldman Earnings Sink After Buffett Dividend
Johnson & Johnson's Income Falls 23%
Burberry Shares Leap on Sales Update
