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Analyst upgrades:
  • Merriman upgraded shares of Akamai (NASDAQ:AKAM) to Buy from Neutral as they believe consensus expectations are now realistic and already reflect macro headwinds. Merriman also thinks the company's cost reductions could generate upside to EPS estimates.
  • JP Morgan upgraded Novo Nordisk (NYSE:NVO) to Overweight from Neutral on expectations the company's diabetes drug will gain U.S. approval.
  • Credit Suisse upgraded Pfizer (NYSE:PFE) to Outperform from Neutral and raised their target to $20 from $19 citing the merits of the Wyeth (WYE) deal and valuation.
  • Quality Systems (NASDAQ:QSII) was upgraded to Buy from Neutral at Piper Jaffray.
  • Parexel (NASDAQ:PRXL) was raised to Outperform from Market Perform at Wachovia.
  • Ferro (NYSE:FOE) was upgraded at KeyBanc to Hold from Underweight.

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Analyst upgrades, downgrades and initiations: AKAM, PFE, NYX, SCHW, SNDK originally appeared on BloggingStocks on Mon, 02 Feb 2009 13:00:00 EST. Please see our terms for use of feeds.

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