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Analyst upgrades:
- Thomas Weisel upgraded PerkinElmer (NYSE: PKI) to Overweight from Market Weight on valuation as it sees limited downside to consensus estimates. The firm raised its target on shares to $20 from $18.
- Jefferies upgraded WuXi PharmaTech (NYSE: WX) to Hold from Underperform following the Q2 results as it believes the company's cross-selling strategy is paying off. The firm raised its target on shares to $12 from $5.
- FBR Capital upgraded J. Crew (NYSE: JCG) to Outperform from Market Perform to reflect the company's trend-right product, inventory control, unit growth, and strong management. The firm raised its target on shares to $36 from $25.
- Popular (NASDAQ: BPOP) was upgraded to Buy from Neutral at B. Riley.
- Pan American Silver (NASDAQ: PAAS) was upgraded to Buy from Neutral at UBS.
- HearUSA (AMEX: EAR) was upgraded to Buy from Hold at Roth Capital.
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Burberry Shares Leap on Sales Update
