Upgrades
BIDU – Baidu.com target raised to $172 from $144 at Stifel Nicolaus
NSC – Norfolk Southern target raised to $83 from $78 at Stifel Nicolaus
NOV – Natl Oilwell Varco upgraded to Buy from Hold at Citigroup
XLNX – Xilinx target raised to $39 from $36 at Auriga U.S.A – following earnings
EQIX – Equinix target raised to $120 from $110 at Stifel Nicolaus
CTXS – Citrix Systems target raised to $80 from $70 at ISI Group
NUVA – NuVasive ticking higher; strength attributed to tier 1 firm upgrade
ABB – ABB Ltd upgraded to Buy from Hold at Deutsche Bank
HES – Hess upgraded to Outperform from Neutral at Credit Suisse
CVX – Chevron initiated with a Buy at Jefferies
MCO – Moody’s target raised to $43 from $38 at The Benchmark Company
NEWP – Newport target raised to $24 from $22 at Needham
Downgrades
ITRI – Itron downgraded to Sell at Wunderlich; tgt lowered to $44
PLCE – Children’s Place downgraded to Neutral from Overweight at JP Morgan
COP – ConocoPhillips downgraded to Hold from Buy at Deutsche Bank – tgt cut to $85 from $90
NVLS – Novellus target lowered to $41 from $45 at Needham – following earnings
ESLR – Evergreen Solar downgraded to Sell at Wunderlich
MBLX – Metabolix downgraded to Underweight from Neutral at Piper Jaffray
WPI – Watson Pharm downgraded to Market Perform from Outperform at Wells Fargo
BK – Bank of NY trading lower; weakness attributed to tier 1 firm downgrade
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