Upgrades
POT- Stifel’s latest price deck supports higher 2011 and 2012 earnings ests for fertilizer producers
NGG- National Grid upgraded to Hold from Sell at RBS
F- In-line March auto sales, supportive for OEMs and parts suppliers – RBC
CSX – CSX downgraded to Hold at Stifel Nicolaus
SPLS – Staples: Sales still soft, but components of rebound in place – Oppenheimer
HRS – Hearing upgraded at Suntrust
TZOO- March local deals growth strong (+25%); raising estimates on higher growth; raising target to $80 – Wedbush
KNXA – Kenexa target raised to $33 from $28 at Feltl & Co.; Q1 checks detail further elevated demand
ROK – Rockwell Automation target raised to $105 from $95 at Longbow
GOOG – Google: International checks solid; consensus margins appear conservative – RBC Capital Mkts
VZ – Verizon: RBC is raising their tgt to $41 from $39 on higher wireless ARPU estimates for 2011 and beyond
AAPL – Apple leverages market leadership during supply chain disruption, strong iPad 2 launch; target raised to $480 at Canaccord Genuity
PRFT – Perficient tgt raised to $15 at BGB Securities following Exervio acquisition
Downgrades
RAX- Rackspace downgraded to Market Perform from Strong Buy at Raymond James
ADS – Alliance Data downgraded to Market Perform from Outperform at Keefe Bruyette
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