Analyst Upgrades

• Wunderlich upgraded Inergy (NRGY) to buy from hold on valuation after the stock sold off following the proposed merger with Inergy Holdings (NRGP). The firm raised its target for shares to $46 from $40.
• Soleil upgraded Applied Industrial (AIT) to buy from gradually accumulate following the company's better-than-expected Q4 results and raised its target for shares to $42 from $36.
• Citigroup upgraded Starwood Property (STWD) to buy from hold with a $21 price target, citing a pick-up in CRE loan sales.
• Family Dollar (FDO) was upgraded to overweight from equal weight at Barclays.
• Intercontinental Hotels (IHG) was upgraded to buy from sell at Societe Generale.
• Yucheng Technologies (YTEC) was upgraded to buy from hold at Roth Capital.

Analyst Upgrades

• Stifel views shares of DreamWorks (DWA) as oversold and believes investors are too pessimistic on recent films. The firm upgraded shares to buy from hold and has a $35 target on the stock.
• JPMorgan upgraded Consolidated Edison (ED) to neutral from underweight based on EPS visibility. The firm raised its price target to $45 from $37.
• Soleil upgraded PPL Corp. (PPL) to buy from hold following the 90M share secondary last night that was priced at $24. The firm sees improving earnings visibility and a removal of the equity overhang for the upgrade. The firm has a $29 price target on the stock.
• Unilever (UL) was upgraded to neutral from underperform at Credit Suisse.
• Holly (HOC) was upgraded to buy from neutral at BofA/Merrill.
• Bebe Stores (BEBE) was upgraded to neutral from underperform at Cowen.
• Oppenheimer upgraded Monster Worldwide (MWW) to outperform from perform.

Analyst Upgrades

• SunTrust upgraded Lennox (LII) to buy from neutral, given signs of improved residential HVAC equipment and service demand and a bottom in commercial lines. The firm has a $55 price target on the stock.
• Cowen upgraded Universal Display (PANL) to outperform from neutral. The firm expects OLED display growth to accelerate driven by increased handset and other mobile device penetration, followed by high-end TV and lighting applications.
• Canaccord upgraded Amylin (AMLN) to hold from sell following Roche's (RHHBY) delay in its Phase 3 study for taspo, a competitor to Amylin's bydureon. The firm has an $18 target on Amylin shares.
• DiamondRock Hospitality (DRH) was upgraded to buy from hold at Citigroup.
• Public Service (PEG) was upgraded to conviction buy from buy at Goldman.
• QuinStreet (QNST) was upgraded to overweight on valuation at Thomas Weisel.

Analyst Upgrades

• Stephens upgraded Schlumberger (SLB) to overweight from equal weight with an $80 price target, citing valuation and the company's international activity.
• Roth Capital upgraded Synutra International (SYUT) to buy from hold, citing the company's improved outlook, increased market share and valuation. The firm has a $27 target on shares.
• Oppenheimer upgraded Progressive (PGR) to perform from underperform as it believes the company's focus on growth could move shares higher in the near-term.
• Inergy Holdings (NRGP) was upgraded to buy from hold at Wunderlich.
• Best Buy (BBY) was upgraded to hold from sell at Societe Generale.
• Vale SA (VALE) was upgraded to buy from hold at Canaccord.

Analyst Upgrades

• FBR Capital upgraded MicroStrategy (MSTR) to outperform from market perform after channel checks indicated MicroStrategy 9 product cycle's continued to gain momentum in Q4. The firm raised its target price on shares to $120 from $87.
• Following a management meeting, Baird upgraded Woodward Governor (WGOV) to outperform from neutral based on long-term energy control growth opportunities and low Street expectations. The firm raised its target to $33 from $24.
• Citigroup upgraded Under Armour (UA) to hold from sell as it believes the company's initiatives in footwear will accelerate growth and share downside is limited at current levels. The firm raised its target on shares to $31 from $24.
• Procter & Gamble (PG) was upgraded to buy from neutral at BofA/Merrill.
• Aflac (AFL) was upgraded to equal weight from underweight at Barclays.
• MGM Mirage (MGM) was raised to buy from neutral at Goldman.

Analyst Upgrades

• Keefe Bruyette upgraded TD AmeriTrade (AMTD) to outperform from market perform on valuation following the recent sell-off in shares. The firm has a $22.50 price target on the stock.
• Stifel upgraded Saia (SAIA) to buy from hold based on valuation, operating leverage and increased possibility of a large industry consolidation event in the next few months. The firm has an $18 target on the stock.
• Citigroup upgraded Atlas Pipeline Holdings (AHD) to hold from sell to reflect valuation and an improved outlook for commodity prices. The firm raised its target on shares to $6 from 50 cents.
• Manpower (MAN) was upgraded to buy from neutral at BofA/Merrill.
• IAMGOLD (IAG) was upgraded to buy from neutral at UBS.