Analyst upgrades:

• UBS upgraded Apple (NASDAQ: AAPL) to Buy from Neutral and raised its target to $265 from $170, citing higher iPhone expectations, new partnerships, and likely upward revisions to Street estimates driven by gross margins.
• Wells Fargo upgraded Comcast (NASDAQ: CMCSA) to Outperform from Market Perform. The firm views a possible deal between end General Electric's (NYSE: GE) NBC Universal positively, as it thinks NBC will provide higher-margin growth for Comcast.
• Janney Montgomery upgraded Michael Baker (AMEX: BKR) to Buy from Neutral after the company completed the sale of its Energy business. The firm raised its target on shares to $46 from $40.
• Jefferies assumed coverage of Endo Pharma (NASDAQ: ENDP) and upgraded the stock to Buy from Hold. The firm cites valuation, a strong base business, and solid cash flow for the upgrade, and has a $30 target price on shares.
• Marten Transport (NASDAQ: MRTN) was upgraded to Overweight from Equal Weight at Stephens.
• U.S. Bancorp (NYSE: USB) was upgraded to Outperform from Market Perform at Keefe Bruyette.

Here are some highlights from last week's earnings coverage from BloggingStocks:

• Alcatel-Lucent (NYSE: ALU) reported a surprise profit but is expected to return to losses next quarter.
• Coach Inc. (NYSE: COH) profit and revenue were in line with expectations, sending shares lower.
• Corning Inc. (NYSE: GLW) posted better-than-expected earnings but other concerns drove down shares.
• eHealth Inc. (NASDAQ: EHTH) reported solid Q2 numbers but Wall Street was not impressed.
• Goodyear Tire & Rubber Co. (NYSE: GT) posted a smaller-than-expected Q2 loss, sending shares higher.
• JAKKS Pacific Inc. (NASDAQ: JAKK) reported swinging to a Q2 net loss and revenues were flat.

Founded in 1997, eHealth (NASDAQ: EHTH) has built a powerful online platform for health insurance (focused on individuals, families and small businesses). With President Obama's ambitious plans to reform health care, the company has been savvy with its public relations efforts. Over the past few months, eHealth has certainly received valuable ink.

The company has also posted its Q2 results, which are solid. Revenues came to $33.4 million, up 22% and submitted applications increased 17% to 121,100. Cash flows from operations were $8.3 million. In all, eHealth has $150.6 million in the bank.

Analyst upgrades:

• Janney Montgomery upgraded Aqua America (NYSE: WTR) to Buy from Neutral on valuation, viewing the recent weakness as a buying opportunity. The firm has a $19 target on the stock.
• UBS upgraded Gildan Activewear (NYSE: GIL) to Buy from Neutral due to customer Broder's improved liquidity and the improved outlook for margins.
• RBC Capital upgraded State Street (NYSE: STT) to Top Pick from Outperform and raised its target to $55 from $40. The analyst said the $2B capital raise addresses TCE ratio concerns and large unrealized losses in the investment portfolio.
• Sherwin-Williams (NYSE: SHW) was upgraded to Overweight from Neutral at JP Morgan.
• Advance Auto Parts (NYSE: AAP) was upgraded to Buy from Underperform at Banc of America/Merrill.
• M&T Bank (NYSE: MTB) was upgraded to Outperform from Market Perform at Bernstein.

With the presidential election, the topic of healthcare has been red-hot. And that's giving more visibility to eHealth (Nasdaq: EHTH), which operates a platform to allow individuals, families and businesses to purchase health insurance.

No doubt, it's is a good business. In Q4, eHealth posted revenues of $24.2 million, up 39%. Net income came to $22.4 million (which included a major tax benefit). Cash flow from operations was $7.9 million, up 61%. In all, eHealth has $121.5 million in the bank.

Basically, eHealth is a marketing powerhouse – and has been particularly skillful with online advertising and search engine optimization. That is, if you query popular healthcare terms on Google (NASDAQ: GOOG), you are likely to see links to eHealth.

The company is also getting lots of traction from major partners, such as Aetna (NASDAQ: AET). What's more, eHealth is expanding into new markets, such as with China and a new product for HSAs.

Interestingly enough, the slowing economy may be helping eHealth. How? Well, as people lose their jobs, they often need to buy their own healthcare insurance policies.

So far, investors are happy with the results. In today's trading, eHealth's stock is up 17.57% to $25.90.

Tom Taulli is the author of various books, including The Complete M&A Handbook and The Edgar Online Guide to Decoding Financial Statements. He also operates DealProfiles.com.

So many things are sold on the Web now that it can be difficult to remember when it all got started. Some might be surprised to know, for example, that the first Internet-based sale of a U.S. health insurance policy was made over ten years ago. The firm involved was a Mountain View, California outfit that serves nearly 400,000 customers today.

eHealth, Inc. (NASDAQ: EHTH) is an online source of health insurance for individuals, families and small businesses. The company presents health insurance information in a user-friendly format, enabling the comparison and purchase of health insurance products that best meet consumers' needs. The firm is licensed throughout the United States, operating in partnership with some 160 health insurance carriers. It provides health, dental, and vision insurance products from the likes of Aetna Inc. (NYSE: AET), Cigna Corporation (NYSE: CI) and Coventry Health Care, Inc. (NYSE: CVH).

eHealth pleased investors earlier in the month, when it reported 3rd Quarter (Q3) earnings per share (EPS) of 15 cents and revenues of $23 million. Analysts had been expecting 12 cents and $22.4 million. Management also guided fiscal year (FY) 2007 EPS to 51-55 cents (48 cent consensus) and FY07 revenues to $87.2-$88.0 million ($86.8M consensus). Estimated membership grew 35%year over year. EHTH shares popped on the news and then moved into a bullish "pennant" consolidation pattern. Prices frequently exit pennants moving in the same direction they were traveling on entry. In this case, that would be to the upside.

Brokers recommend the issue with four "strong buys", three "holds" and a "sell". Analysts see a 32% growth rate, through the next year. The EHTH Sales Growth rate (37.72%), Net Profit Margin (25.05%), Return on Assets (27.98%), Return on Investment (32.14%) and Return on Equity (103.02%) compare favorably with industry, sector and S&P 500 averages. Institutional investors hold about 67 percent of the outstanding shares. Over the past 52 weeks, the stock has traded between $17.67 and $34.89. A stop-loss of $28.70 if one were to consider the stock looks good here.

Larry Schutts is a contributing editor for Theflyonthewall.com and the Vice-President of Stockwinners.com.

Several months ago, I talked to a VC, who was kind of glum. He said: "M&A as an exit is OK for our investments. But the big returns come from IPOs. And, if things don't comeback on that front, it will be trouble for the VC industry."

Well, according to a recent piece in SiliconValley.com, there may be hope.

For example, there have been a variety of strong tech IPOs recently. Examples include: Riverbed Technologies, eHealth, and Acme Packet.

In fact, this week, we saw strong performances from Isilon Systems and IPG Photonics.

Interestingly enough, the bad-times may have meant stronger VC-backed companies. That is, they had to focus on building strong business models.

So, while the IPO market is starting to comeback, investors are getting quality deals.

Tom Taulli is the author of various books, including the Complete M&A Handbook and operates DealProfiles.com.