Analyst upgrades:- Thomas Weisel upgraded SanDisk (NASDAQ: SNDK) to Overweight from Market Weight due to accelerating manufacturing cost declines, potential NAND flash sourcing upside at Toshiba (OTC: TOSBF) and Samsung and an increase in 2H09 demand.
- Oppenheimer upgraded Quality Systems (NASDAQ: QSII) to Perform from Underperform to reflect potential benefits from the stimulus package and channel checks that indicated IT budgets are stabilizing. The firm raised its target price on shares to $54 from $40.
- RBC Capital upgraded OSI Pharmaceuticals (NASDAQ: OSIP) to Outperform from Sector Perform following positive Tarceva survey results and cites valuation.
- Marriott (NYSE: MAR) was upgraded to Outperform from Market Perform at JMP Securities.
- Grainger (NYSE: GWW) was upgraded to Buy from Neutral at BofA/Merrill.
- Duncan Energy Partners (NASDAQ: DEP) was upgraded to Buy from Neutral at UBS.
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