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Analyst upgrades:
- Keefe Bruyette upgraded Intercontinental Exchange (NYSE: ICE) to Market Perform from Underperform following the company's in-line quarter and extended buyback. The firm raised its target price on shares to $103 from $98.
- Merriman upgraded Cree (NASDAQ: CREE) to Buy from Neutral after transitioning coverage of the stock as it believes HB-LED chips are gaining momentum and that the company can top its recently raised guidance.
- Deutsche Bank upgraded Glatfelter (NYSE: GLT) to Buy from Hold following the company's Q2 results due to falling net debt levels and valuation. The firm raised its target on shares to $14 from $8.
- Corporate Executive Board (NASDAQ: EXBD) was upgraded to Neutral from Underperform at Baird.
- Cognizant (NASDAQ: CTSH) was upgraded to Buy from Neutral at Goldman.
- Unit Corp. (NYSE: UNT) was upgraded to Buy from Sell at Jesup & Lamont.
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Burberry Shares Leap on Sales Update
