Hydrogenics (HYGS) was the first of the stock upgrades, as Ascendiant Capital Markets upgraded HYGS from “Neutral” to “Strong Buy.” The firm also upped its price target on HYGS stock from $12 to $18.
MLV & Co. handed out the next of Tuesday’s stock upgrades, giving Memorial Production Partners (MEMP) a bump from “Hold” to “Buy.”
Hallador Energy (HNRG) was the third stock upgrade, as Cowen decided HNRG would “Outperform” instead of “Market Perform.”
Other big names didn’t get stock upgrades, but did get bumped price targets and reiterated coverage. For example, Barclays reiterated its “Overweight” rating on Salesforce.com (CRM), but bumped the price target on CRM stock from $56 to $68. Barclays also reiterated its “Equal Weight” rating on Reynolds American (RAI), but bumped the price target on RAI stock from $48 to $52.
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