Analyst upgrades:- Janney Montgomery upgraded City Holding Company (NASDAQ: CHCO) to Buy from Neutral due to valuation and a belief the banking franchise is strong. The firm has a $33 price target on the stock.
- JMP Securities upgraded Acadia (NASDAQ: ACAD) to Outperform from Market Perform following the announcement that it has partnered with Biovail to develop and commercialize Pimavanserin. The firm has a $7 price target on the stock.
- RBC Capital upgraded Methanex (NASDAQ: MEOH) to Outperform from Sector Perform and raised its price target to $18 from $11 based on its improving free cash flow outlook.
- MGM Mirage (NYSE: MGM) was raised to Buy from Underperform at Banc of America/Merrill.
- Research in Motion (NASDAQ: RIMM) was lifted to Neutral from Underweight at JP Morgan.
- Con-Way (NYSE: CNW) was upgraded to Overweight from Equal Weight at Stephens.
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