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Equities Research Analysts’ upgrades for Monday, January 13th:

Accor SA (EPA:AC) was upgraded by analysts at Jefferies Group to a buy rating.

Banco Bilbao Vizcaya Argentaria SA (NYSE:BBVA) was upgraded by analysts at Barclays to an overweight rating.

Strategic Hotels & Resorts (NYSE:BEE) was upgraded by analysts at Merrill Lynch to a buy rating.

Brenntag AG (EU:BNR) was upgraded by analysts at HSBC to an overweight rating.

CIT Group (NYSE:CIT) was upgraded by analysts at Zacks from a neutral rating to an outperform rating. Zacks currently has $56.00 price target on the stock. Zacks’ analyst wrote, “We are upgrading our long-term recommendation on CIT Group to Outperform based on its meaningful capital deployment activities. Further, the company’s third-quarter 2013 earnings outpaced the Zacks Consensus Estimate and compared favorably with the year-ago loss. Results benefited from top-line growth and lower-than-expected operating expenses. Additionally, credit quality was a mixed bag, while capital ratios remained strong. We expect the company’s liability restructuring initiatives and access to low-cost debts to support growth. However, sluggish growth in the industries where CIT Group provides finance, stringent regulations, and a weak economic recovery could dent the company’s growth prospects.”

Enel S.p.A. (BIT:ENEL) was upgraded by analysts at BNP Paribas to an outperform rating.

Bilfinger (EU:GBF) was upgraded by analysts at HSBC to an overweight rating.

Gerry Weber (EU:GWI1) was upgraded by analysts at BNP Paribas to an outperform rating.

Homeserve (LON:HSV) was upgraded by analysts at Liberum Capital to a buy rating.

Jeronimo Martins SGPS SA (ELI:JMT) was upgraded by analysts at HSBC to an overweight rating.

Kuoni Reisen Holding (SW:KUNN) was upgraded by analysts at UBS AG to a buy rating.

Meyer Burger Technology (SW:MBTN) was upgraded by analysts at Credit Suisse to an outperform rating.

MGM Resorts International (NYSE:MGM) was upgraded by analysts at Merrill Lynch to a buy rating.

Metro (TSE:MRU) was upgraded by analysts at HSBC to a neutral rating.

Red Electrica Corporacion (EU:REE) was upgraded by analysts at Morgan Stanley to an equal weight rating.

Red Electrica Corporacion (EU:REE) was upgraded by analysts at Societe Generale to a hold rating.

Rieter Holdings (SW:RIHN) was upgraded by analysts at Credit Suisse to an outperform rating.

Banco de Sabadell SA (MCE:SAB) was upgraded by analysts at Natixis to a neutral rating.

Telekom Austria AG (PINK:TKAGY) was upgraded by analysts at UBS AG to a buy rating.

UBI Banca (EU:UBI) was upgraded by analysts at Natixis to a buy rating.

UBS AG (NYSE:UBS) was upgraded by analysts at Merrill Lynch to a buy rating.

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