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Tuff-Stuff

01/06/11 7:34 AM

#357242 RE: Tuff-Stuff #357241

Research Calls UPGRADES:


Regional banks and home builders among the many stocks with rating changes today.

UPGRADES:
Adtran (ADTN) upgraded to Overweight from Equal Weight at Morgan Stanley
Allscripts (MDRX) upgraded to Buy from Hold at Deutsche Bank ($24 tgt)
Archer Daniels (ADM) raised to Outperform from Mkt Perform at BMO Capital ($38 tgt)
BB&T (BBT) upgraded to Outperform from Perform at Oppenheimer
BPZ Resources raised to Mkt Perform from Underperform at Morgan Keegan ($5 tgt)
Centene (CNC) raised to Overweight from Underweight at Barclays ($32 tgt)
Cheesecake Factory (CAKE) raised to Neutral from Underweight at Piper Jaffray ($30 tgt)
Cigna (CI) upgraded to Buy from Hold at Deutsche Bank
D.R. Horton (DHI) upgraded to Outperform from Market Perform at Wells Fargo
Exxon Mobil (XOM) upgraded to Outperform from Perform at Oppenheimer ($90 tgt)
Heartland Payment (HPY) upgraded to Outperform from Market Perform at Wells Fargo
Henry Schein (HSIC) raised to Neutral from Underweight at JP Morgan ($63 tgt)
Hershey (HSY) upgraded to Buy from Neutral at Janney Capital ($54 tgt)
Meritage Homes (MTH) upgraded to Outperform from Market Perform at Wells Fargo
Nationwide Health (NHP) upped to Outperform from Mkt Perform at JMP Securities ($41 tgt)
Old Dominion Freight (ODFL) upgraded to Outperform from Market Perform at Wells Fargo
PG&E (PCG) upgraded to Overweight from Equal Weight at Morgan Stanley
Resources Connection (RECN) raised to Outperform from Neutral at Robert Baird ($24 tgt)
Reynolds American (RAI) upgraded to Buy from Neutral at UBS
Standard Pacific (SPF) raised to Mkt Perform from Underperform at Wells Fargo
Toll Brothers (TOL) upgraded to Overweight from Equal Weight at Barclays ($23 tgt)
UnitedHealth (UNH) upgraded to Buy from Hold at Deutsche Bank
Wisconsin Energy (WEC) upgraded to Overweight from Equal Weight at Morgan Stanley