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Analyst upgrades:- Barclays upgraded Best Buy (NYSE:BBY) to Overweight from Equal Weight and raised their target to $35 from $28 citing the company's earnings power and free cash flow generation.
- William Blair upgraded St. Jude Medical (NYSE:STJ) to Outperform from Market Perform following the company's Q4 results on valuation and the company's "steady growth."
- Wunderlich upgraded Liberty Interactive (NASDAQ:LINTA) to Buy from Hold as they believe debt concerns are overdone. The firm thinks that language in the proxy statement for the Liberty Entertainment hard spin suggests that cash and cash flow from the stub Entertainment tracker could be used to provide inter-company support to Interactive. The firm raised their target to $5 from $4.25.
- Lloyds TSB Group (NYSE:LYG) was raised to Buy from Hold at Citigroup.
- BB&T (NYSE:BBT) was removed from Goldman's Conviction Sell List.
- Patni Computer (NYSE:PTI) was upgraded to Buy from Hold at KeyBanc.
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