Analyst Upgrades
- Baird upgraded Starbucks (NASDAQ: SBUX) to Outperform from Neutral based on field research that indicates improving traffic trends and visibility from cost savings initiatives.
- FBR Capital upgraded E*Trade (NASDAQ: ETFC) to Outperform from Underperform citing an attractive risk/reward following the company's capital raise and debt exchange commencement. The firm believes the worst is behind the company and has a $2 target on the stock.
- Oppenheimer upgraded Sonic (NASDAQ: SONC) to Outperform from Perform on expectations demand trends will improve, leading to more normalized profitability.
- Estee Lauder (NYSE: EL) was upgraded to Equal Weight from Underweight at Barclays.
- Motorola (NYSE: MOT) was upgraded to Buy from Neutral at BofA/Merrill.
- ConAgra (NYSE: CAG) was upgraded to Buy from Neutral at UBS.
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