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MOST NOTEWORTHY: National City, Syntax Brillian and Medco Health were today's noteworthy upgrades:
- Deutsche Bank upgraded shares of National City (NYSE: NCC) to Buy from Sell on valuation as they believe their $9.00 target is in-line with the company's franchise value.
- Baird upgraded Syntax Brillian (NASDAQ: BRLC) to Outperform from Neutral based on recently announced strategic initiatives and valuation.
- Jefferies upgraded shares of Medco Health (NYSE: MHS) to Buy from Hold as they believe the company's renewed PBM contract with United Healthcare (NYSE: UNH) removes a major overhang.
OTHER UPGRADES:
- Friedman Billings raised Downey Financial (NYSE: DSL) to Market Perform from Underperform.
- Volterra (VNASDAQ: LTR) was raised to Buy from Neutral at Piper.
- Alliance Data (NYSE: ADS) was raised at JP Morgan to Overweight from Neutral.
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