Analyst upgrades:
- Bernstein upgraded Lincoln National (NYSE: LNC) to Outperform from Market Perform based on relative valuation and expectations the company will repay TARP without a capital raise. The firm raised its target to $34 from $26.
- Thomas Weisel upgraded Ticketmaster (NASDAQ: TKTM) to Overweight from Market Weight and raised its target to $12 from $8 citing dynamic ticket pricing and the potential merger with Live Nation (NYSE: LYV).
- Citigroup upgraded Harley-Davidson (NYSE: HOG) to Hold from Sell after channel checks indicated retail sales have improved since Q2. The firm raised its target on shares to $26 from $14.
- McDermott (NYSE: MDR) was upgraded to Outperform from Neutral at Credit Suisse.
- Ericsson (NASDAQ: ERIC) was upgraded to Hold from Sell at Deutsche Bank.
- General Electric (NYSE: GE) was upgraded to Overweight from Neutral at JPMorgan.
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