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Equities Research Analysts’ upgrades for Wednesday, January 15th:

American Assets Trust (NYSE:AAT) was upgraded by analysts at TheStreet from a sell rating to a hold rating. The analysts wrote, “American Assets (AAT) has been upgraded by TheStreet Ratings from sell to hold. The company’s strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and revenue growth. However, as a counter to these strengths, we find that the company’s profit margins have been poor overall.”

Amazon.com (NASDAQ:AMZN) was upgraded by analysts at Zacks from a neutral rating to an outperform rating. Zacks currently has $477.00 price target on the stock. Zacks’ analyst wrote, “Amazon.com is one of the largest online retailers in the world. Amazon’s Sep-quarter earnings were in-line with the Zacks Consensus Estimate. The only thing weighing on expectations is its investment in fulfillment centers that will have a negative impact on its earnings this year although the increased automation of fulfillment services will partially offset this negative impact. Aggressive pricing actions are also expected to continue as Amazon goes all out to attract consumers to its platforms. We believe that current investments are supported by a strong balance sheet and expect them to drive the next growth phase. We are therefore upgrading the shares to Outperform.”

AuRico Gold (NYSE:AUQ) was upgraded by analysts at Zacks from an underperform rating to a neutral rating. They currently have $4.40 target price on the stock.

Acuity Brands (NYSE:AYI) was upgraded by analysts at Zacks from a neutral rating to an outperform rating. They currently have $133.70 target price on the stock.

Beam (NASDAQ:BEAM) was upgraded by analysts at Nomura to a neutral rating.

Bio-Rad Laboratories (NYSE:BIO) was upgraded by analysts at Zacks from an underperform rating to a neutral rating. The firm currently has $131.00 target price on the stock.

Broadcom Corp. (NASDAQ:BRCM) was upgraded by analysts at Zacks from a neutral rating to an outperform rating. They currently have $35.00 price target on the stock. Zacks’ analyst wrote, “Broadcom reported strong third quarter 2013 results as adjusted earnings surged year over year, driven by a better-than-expected performance across the board. We are changing our long-term recommendation for the stock from Neutral to Outperform as we expect it to perform well above the broader market. The company is well-positioned in the fast-growing wired and wireless communications markets, with cutting-edge solutions for an increased number of connected users that require more content and bandwidth. Broadcom’s product leadership, solid financial performance and strong cash flow generation remain positives. However, we are concerned about margin pressure due to the accelerated new product ramp up and concentration risks.”

BT Group plc (NYSE:BT) was upgraded by analysts at Zacks from a neutral rating to an outperform rating. Zacks currently has $66.20 price target on the stock.

Cogeco Cable (TSE:CCA) was upgraded by analysts at CIBC from a sector perform rating to an outperform rating.

Calamos Asset Management Inc. Shs -A- (NASDAQ:CLMS) was upgraded by analysts at Zacks from a neutral rating to an outperform rating. The firm currently has $12.40 target price on the stock.

Daktronics (NASDAQ:DAKT) was upgraded by analysts at Zacks from a neutral rating to an outperform rating. They currently have $16.20 price target on the stock.

Dana Holding Corp. (NYSE:DAN) was upgraded by analysts at Zacks from an underperform rating to a neutral rating. Zacks currently has $21.20 price target on the stock.

Endocyte (NASDAQ:ECYT) was upgraded by analysts at Zacks from a neutral rating to an outperform rating. The firm currently has $14.40 target price on the stock.

EMC Insurance Group (NASDAQ:EMCI) was upgraded by analysts at Zacks from an underperform rating to a neutral rating. They currently have $30.90 price target on the stock.

Forestar Group (NYSE:FOR) was upgraded by analysts at TheStreet from a hold rating to a buy rating. The analysts wrote, “Forestar Group (FOR) has been upgraded by TheStreet Ratings from hold to buy. The company’s strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins.”

Francesca’s Holdings Corp. (NASDAQ:FRAN) was upgraded by analysts at Zacks from an underperform rating to a neutral rating. The firm currently has $21.70 target price on the stock.

Gladstone Investment Corp. (NASDAQ:GAIN) was upgraded by analysts at Zacks from a neutral rating to an outperform rating. Zacks currently has $8.60 price target on the stock.

Intel Corp. (NASDAQ:INTC) was upgraded by analysts at Citigroup Inc. from a market perform rating to an outperform rating. They noted that the move was a valuation call. The analysts noted that the move was a valuation call.

Invesco Mortgage Capital (NYSE:IVR) was upgraded by analysts at Zacks from an underperform rating to a neutral rating. They currently have $15.50 price target on the stock.

Manitex International (NASDAQ:MNTX) was upgraded by analysts at Zacks from an underperform rating to a neutral rating. The firm currently has $14.50 target price on the stock.

MeadWestvaco Corp. (NYSE:MWV) was upgraded by analysts at Deutsche Bank from a hold rating to a buy rating. They currently have $41.00 price target on the stock, up from their previous price target of $37.00.

NGL Energy Partners (NYSE:NGL) was upgraded by analysts at Zacks from a neutral rating to an outperform rating. The firm currently has $37.40 target price on the stock.

PDI (NASDAQ:PDII) was upgraded by analysts at Zacks from a neutral rating to an outperform rating. Zacks currently has $6.30 price target on the stock.

PFSweb (NASDAQ:PFSW) was upgraded by analysts at Zacks from a neutral rating to an outperform rating. They currently have $9.50 price target on the stock.

Summer Infant (NASDAQ:SUMR) was upgraded by analysts at Zacks from an underperform rating to a neutral rating. The firm currently has $2.00 target price on the stock.

Tupperware Brands Corp. (NYSE:TUP) was upgraded by analysts at S&P Equity Research from a hold rating to a buy rating.

Travelzoo (NASDAQ:TZOO) was upgraded by analysts at Zacks from an underperform rating to a neutral rating. Zacks currently has $21.90 target price on the stock.

Universal Truckload Services (NASDAQ:UACL) was upgraded by analysts at Zacks from a neutral rating to an outperform rating. They currently have $33.20 target price on the stock.

Westlake Chemical Corp. (NYSE:WLK) was upgraded by analysts at Zacks from a neutral rating to an outperform rating. The firm currently has $125.10 price target on the stock.

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