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Analyst upgrades:
- JPMorgan upgraded Franklin Resources (NYSE: BEN) to Overweight from Underweight to reflect performance and sales improvements, as well as benefits from the weakening U.S. dollar. The firm has a $94 target on the stock.
- Oppenheimer upgraded FormFactor (NASDAQ: FORM) to Outperform from Perform after channel checks indicated orders are recovering. The firm raised its target on shares to $30 from $22.
- KeyBanc upgraded Oshkosh (NYSE: OSK) to Buy from Hold citing the company's MRAP-ATV contract win, which they view as a "game changer." The firm has a $30 target on the stock.
- Novellus (NASDAQ: NVLS) was upgraded to Neutral from Underperform at Credit Suisse.
- Ternium (NYSE: TX) was upgraded to Buy from Neutral at Goldman.
- Cathay General (NASDAQ: CATY) was upgraded to Buy from Neutral at B. Riley.
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