MOST NOTEWORTHY: Citigroup (C), Altria Group, Inc (MO), and TreeHouse Foods Inc (THS) were today's notable upgrades:
- Bank of America upgraded Citigroup Inc (NYSE: C) to Buy from Neutral with a $58 target to reflect the low valuation and the company's opportunities to increase earnings growth over the next year.
- Altria Group (NYSE: MO) was added to Goldman Sachs' Conviction Buy List. The firm believes shares, excluding Kraft (KFT), could reach $76 over the next 12 months. Goldman also thinks Altria may announce a spinoff of its Philip Morris International unit this summer.
OTHER UPGRADES:
- Prudential upped J.M. Smucker Co (NYSE: SJM) to Neutral from Underweight.
- Raymond James upgraded Cbeyond, Inc (NASDAQ: CBEY) to Outperform from Market Perform.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).
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