Upgrades
SKS – Saks upgraded to Neutral from Sell at Lazard
BYD – Select gaming stocks initiated at Lazard
SD – SandRidge Energy target raised to $18 from $16 at Stifel Nicolaus
EXPE – Expedia upgraded to Buy at Stifel Nicolaus; tgt $35
DB – Deutsche Bank upgraded to Buy from Add at WestLB
ADS – Alliance Data tgt raised to $96 at RBC as recent mgmt meeting supports FY11 still on track for $7 in earnings
CVS – CVS Caremark upgraded to Outperform from Market Perform at BMO Capital
LTD – Limited target raised to $39 from $37 at RBC Capital Mkts
CHU – China Unicom Hong Kong ticking up after trading higher overseas following analyst comments on the co’s growth
LLNW – Limelight Networks initiated with a Buy at SunTrust; tgt $9
FSLR – First Solar: GE’s announcement overstates competitive threat – Kaufman
FFIV – F5 Networks initiated with a Buy at SunTrust; tgt $126
Downgrades
NTAP – NetApp tgt decreased to $55 at RBC Capital Mkts following Engenio acquisition
TGT – Target trading modestly lower; weakness attributed to tier 1 firm downgrade
NVDA – FBR Capital Mkts reviews semi production checks; starts have been revised downwards
CLX – Clorox downgraded to Neutral from Overweight at JP Morgan
PIR – Pier 1 Imports upgraded to Buy from Hold at BB&T
SPWRA – Sunpower downgraded to Market Perform from Outperform at JMP Securities
PLXS – Plexus downgraded to Buy from Strong Buy at Needham – tgt $40
YOKU – Youku.com initiated with an Underperform at Macquarie
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