• RW Baird upgraded LHC Group (NASDAQ: LHCG) to Outperform from Neutral based on valuation and expectations for raised 2009 guidance. The firm has a $36 target on the stock.
  
• Deutsche Bank upgraded Swiss Reinsurance (OTC: SWCEY) to Buy from Hold following the CEO change as the firm views it as a positive move.
  
• Wachovia upgraded DuPont Fabros (NYSE: DFT) to Outperform from Market Perform because it thinks the company has taken major measures to mitigate its liquidity risk by obtaining additional debt. The firm also notes that the company signed several new leases.
• Goldman added Air Products (NYSE: APD) and Burger King (NYSE: BKC) to the Conviction Buy List.
  
• MSC Industrial (NYSE: MSM) was upgraded to Outperform from Market Perform at William Blair.
  
• Northrop Grumman (NYSE: NOC) was raised to Outperform from Market Perform at Bernstein.

Multimedia Games (NASDAQ: MGAM) is engaged in the design and development of systems, electronic games, and gaming terminals for the Native American gaming, racetrack casino, bingo, and video lottery markets. The firm offers server-based gaming systems, providing software and content through a telecommunications network linking gaming terminals with one another. It also markets gaming support products, such as back-office systems, player tracking systems, slot accounting systems, slot management systems, and slot monitoring systems to gaming operators and lotteries.

The company pleased investors last week, when it reported fiscal Q4 earnings that topped the Street estimate and revenues that essentially matched the consensus view. The CEO cited the introduction of new products for the solid results and anticipated that coming offerings would allow expansion into new markets. The stock popped on the news and then moved into a bullish "pennant" consolidation pattern. Equities frequently leave a pennant with a move in the same direction they were traveling on entry. In this case, that would be to the upside.