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Analyst upgrades:
- Canaccord upgraded Rio Tinto (NYSE: RTP) to Buy from Hold citing valuation following the severe price decline following BHP Billiton's (NYSE: BHP) dropped bid.
- UBS upgraded Itron (NASDAQ: ITRI) to Buy from Neutral citing valuation and defensive business mix.
- Jefferies upgraded shares of HealthSouth (NYSE: HLS) to Buy from Hold on valuation and maintains a $13.50 target.
- Melco PBL Entertainment (NASDAQ: MPEL) was raised to buy from Neutral at Goldman.
- PG&E (NYSE: PCG) was upgraded at Merrill Lynch to Buy from Neutral.
- HSBC Holdings (NYSE: HBC) was upgraded to Buy from Neutral at UBS.
Analyst downgrades:
Tesla Roadster sets a record -- travels 313 miles on a single charge
Cramer on BloggingStocks: China's industrial focus helps lots of U.S. names 
Why do we have a weak dollar?
