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MOST NOTEWORTHY: Micron, China Sunergy and Medtronic were today's noteworthy upgrades:
- Deutsche Bank upgraded shares of Micron (NYSE: MU) to Buy from Hold as they believe improved pricing and the company's cost reductions should drive a strong margin recovery. The firm raised MU's target to $11 from $7.
- Jefferies raised China Sunergy (NASDAQ: CSUN) to Hold from Underperform following the company's Q1 beat to reflect its improved outlook for the production of higher efficiency cells and better controls over cash flow measures.
- Goldman raised Medtronic (NYSE: MDT) to Buy from Neutral based on potential earnings upside from strong market share and broad distribution.
OTHER UPGRADES:
- UBS upgraded National Fuel Gas (NYSE: NFG) to Buy from Neutral.
- Arris (NASDAQ: ARRS) was raised to Outperform from Market Perform at Friedman Billings.
- Piper upgraded Central Garden & Pet (NASDAQ: CENT) to Buy from Neutral.
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