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Analyst upgrades:
- Baird upgraded Fifth Third Bancorp (NASDAQ: FITB), SunTrust (NYSE: STI) and Wells Fargo (NYSE: WFC) to Outperform from Neutral citing the ability to raise cheap capital following the Treasury's aggressive policy response.
- Keefe Bruyette upgraded First Security Group (NASDAQ: FSGI), Amcore Financial (NASDAQ: AMFI) and Seacoast Banking (NASDAQ: SBCF) to Outperform from Market Perform to reflect the benefits of the government's TARP program.
- Suntrust believes Zions Bancorp (NASDAQ: ZION) is disproportionately positioned to benefit from what should be a wave of industry fallout and consolidation over the next few years. Shares were upgraded to Buy from Neutral.
- Cadbury (NYSE: CBY) was raised to Hold from Sell at ING Group.
- Ericsson (NASDAQ: ERIC) was raised to Neutral from Sell at Goldman.
- Genentech (NYSE: DNA) was upgraded at Piper Jaffray to Buy from Neutral.
Analyst downgrades:
Why do we have a weak dollar?
Holiday hiring slow for retailers
Closing Bell: What sell-off? (AIG, ABK, EPR, MBI, JAVA, ORCL, ERTS)
