Analyst upgrades:
- Citigroup upgraded Polaris Industries (NYSE: PII) to Buy from Hold after channel checks indicated the company's sales trends improved through September. The firm raised its target on shares to $49 from $33.
- Jefferies upgraded Citrix Systems (NASDAQ: CTXS) to Hold from Underperform after channel checks indicated IT spending will be strong in the second half of 2009, but the firm finds the stock fully valued at current levels. Jefferies raised its target on shares to $40 from $32.
- Pali Captital upgraded Abercrombie & Fitch (NYSE: ANF) to Buy from Neutral on valuation and expectations that lower pricing and international growth will be catalysts going forward. The firm set a $45 price target on shares.
- Plum Creek Timber (NYSE: PCL) was upgraded to Neutral from Underweight at JPMorgan.
- Advanced Micro (NYSE: AMD) was upgraded to Buy from Neutral at UBS.
- PPD Inc. (NASDAQ: PPDI) was upgraded to Outperform from Neutral at Baird.
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