Analyst upgrades:
- Goldman upgraded CTC Media (NASDAQ: CTCM) to Buy from Neutral on a better outlook for European Media names and raised its target on shares to $17.60 from $12.
- Morgan Joseph upgraded Movado (NYSE: MOV) to Buy from Hold after the company reported better-than-expected Q2 results. The firm set a $16 target on the stock.
- Needham upgraded LTX Credence (NASDAQ: LTXC) to Strong Buy from Hold following the company's Q4 results with a $3 price target.
- Canon (NYSE: CAJ) was upgraded to Outperform from Underperform at Macquarie.
- Whitney Holding (NASDAQ: WTNY) was upgraded to Buy from Neutral at SunTrust.
- Gafisa SA (NYSE: GFA) was upgraded to Overweight from Equal Weight at Morgan Stanley.
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