- Deutsche Bank upgraded Blackrock (NYSE: BLK) to Buy from Hold as it believes the BGI acquisition is becoming more accretive with the market rally and that the company's core trends are healthy. The firm raised its target on shares to $230 from $180.
- Citigroup upgraded Burlington Northern (NYSE: BNI) to Hold from Sell as it believes the risk/reward on shares is balanced based on 2010 estimates. Citi raised its target on shares to $89 from $75.
- Auriga upgraded Eclipsys (NASDAQ: ECLP) to Buy from Hold on expectations the company's margin expansion initiatives will drive benefits in 2010 and 2011. The firm raised its target on shares to $24 from $16.
- Seagate (NASDAQ: STX) was upgraded to Overweight from Market Weight at Thomas Weisel and to Buy from Hold at Deutsche Bank.
- Web.com (NASDAQ: WWWW) was upgraded to Outperform from Market Perform at FBR Capital.
- CenturyTel (NYSE: CTL) was upgraded to Overweight from Equal Weight at Morgan Stanley.
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FeedAnalyst upgrades, downgrades and initiations: AMZN, BLK, BNI, CCL, JPM, PNC, UTX ...
Analyst upgrades, downgrades and initiations: ANF, YHOO, X, SLE, OSK ...
Analyst upgrades:- Deutsche Bank upgraded Portland General Electric (NYSE: POR) to Buy from Hold on valuation as it finds the risk/reward on shares attractive at current levels. The firm raised its target price to $22 from $20.
- FBR Capital upgraded Abercrombie & Fitch (NYSE: ANF) to Outperform from Market Perform after channel checks indicated recent sales are driving increased traffic and easing market share losses. The firm raised its target price on shares to $37 from $21.
- Barclays upgraded Yahoo (NASDAQ: YHOO) to Overweight from Equal Weight as it believes the company is well positioned for a rebound in advertising and that the valuation is compelling at current levels. The firm raised its target on shares to $20 from $15.
- Kohl's (NYSE: KSS) was raised to Overweight from Market Weight at Thomas Weisel.
- U.S. Steel (NYSE: X) and CB Richard Ellis (NYSE: CBG) were upgraded at Goldman to Neutral from Sell.
- Dolby Laboratories (NYSE: DLB) was upgraded at JP Morgan to Overweight from Neutral.
Continue reading Analyst upgrades, downgrades and initiations: ANF, YHOO, X, SLE, OSK ...




