- Citigroup upgraded Vistaprint (VPRT) to buy from hold on valuation following the recent pullback in shares. The firm also raised its price target on the stock to $62 from $55.
- Fox-Pitt upgraded Eaton Vance (EV) to outperform from in line citing strong fundamentals. The firm raised its target to $36 from $34.
- Stifel Nicolaus upgraded Hospitality Properties (HPT) to buy from hold citing valuation and expected cash dividend in 2010. The firm has a $22 target on the stock.
- The Advisory Board (ABCO) was upgraded to overweight from equal weight at First Analysis.
- Technip (TKPPY) was upgraded to outperform from neutral at Credit Suisse.
- Jefferies upgraded Energy XXI (EXXI) to hold from underperform and raised its target to $2 from $1.
EXXI posts
FeedAnalyst upgrades, downgrades and initiations: VPRT, EV, HPT, NRG, GTE, BNHNA, VAR, ITRI and FARO
Analyst upgrades, downgrades and initiations: ABMD, TI, DKS, SCHW ...
Analyst upgrades:- Jefferies upgraded Abiomed (NASDAQ: ABMD) to Hold from Underperform on valuation as it believes concerns over the company's Impella heart pump are priced in at current levels. The firm lowered its target price to $7 from $8.
- Suntrust upgraded Somanetics (NASDAQ: SMTS) to Neutral from Reduce. The firm believes most of the risk is out of Somanetics shares and that the Q1 report could be a positive catalyst.
- Banc of America/Merrill upgraded shares of Telecom Italia (NYSE: TI) to Buy from Neutral on valuation and believes the company's revenue trends are improving.
- China Petroleum & Chemical (NYSE: SNP) was raised to Buy from Neutral at UBS.
- Hexcel (NYSE: HXL) and Johnson Controls (NYSE: JCI) were upgraded to Buy from Neutral at Goldman.
Continue reading Analyst upgrades, downgrades and initiations: ABMD, TI, DKS, SCHW ...
Analyst initiations: Home Depot, Lowe's, ComScore
MOST NOTEWORTHY: ComScore (SCOR), Lowe's (LOW) and Home Depot (HD) were today's noteworthy initiations:- ComScore (NASDAQ: SCOR) was initiated with an Outperform rating and $35 target at Oppenheimer. The firm said SCOR operates in a high growth sector with a sustainable competitive advantage and attractive valuation.
- Jefferies assumed coverage of Lowe's (NYSE: LOW) and Home Depot (NYSE: HD) with Hold ratings and a $24-$26 target and $25-$27 target, respectively. The firm expects further downward EPS revisions as the housing recession extends.
- Jefferies initiated Energy XXI (NASDAQ: EXXI) with a Buy rating and $7 target.
- Select Comfort (NASDAQ: SCSS) was initiated with a Market Perform rating at Raymond James.
- Oppenheimer started Omniture (NASDAQ: OMTR) with an Outperform rating and $34 target.

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