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Analyst upgrades:
- Citigroup upgraded American Express (NYSE: AXP) to Buy from Hold and added the stock to its Top Picks Live list following the company's investor day. Citi believes American Express' credit trends are improving and raised its price target on shares to $36 from $28.
- Janney Montgomery upgraded Gardner Denver (NYSE: GDI) to Buy from Neutral after meeting with management to reflect expectations for EPS growth in 2010 and valuation. The firm has a $38 target on the stock.
- BofA/Merrill upgraded Freeport McMoRan (NYSE: FCX) to Buy from Underperform and raised its target to $87 from $49 based on strong copper fundamentals.
- Cbeyond (NASDAQ: CBEY) was upgraded to Overweight from Equal Weight at Stephens.
- Gibraltar Industries (NASDAQ: ROCK) was upgraded to Outperform from Neutral at Baird.
- Fortress (NYSE: FIG) was upgraded to Outperform from Market Perform at Keefe Bruyette.
Goldman Earnings Sink After Buffett Dividend
Johnson & Johnson's Income Falls 23%
Burberry Shares Leap on Sales Update
