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Research Analysts’ upgrades for Monday, February 10th:

Asanko Gold (NYSE:AKG) was upgraded by analysts at BMO Capital Markets from a market perform rating to an outperform rating.

Bonanza Creek Energy (NASDAQ:BCEI) was upgraded by analysts at Howard Weil from a sector outperform rating to a focus stock rating.

Dynamic Materials Corp. (NASDAQ:BOOM) was upgraded by analysts at S&P Equity Research from a hold rating to a buy rating.

Cape Bancorp (NASDAQ:CBNJ) was upgraded by analysts at Sandler O’Neill from a hold rating to a buy rating.

China Telecom (NYSE:CHA) was upgraded by analysts at BNP Paribas from a hold rating to a buy rating.

California United Bank (NASDAQ:CUNB) was upgraded by analysts at Raymond James from a market perform rating to an outperform rating.

Red Robin Gourmet Burgers (NASDAQ:RRGB) was upgraded by analysts at Wunderlich from an underperform rating to a buy rating. Wunderlich currently has $80.00 price target on the stock. The analysts wrote, “We are upgrading our rating on RRGB shares from Underperform to Buy and are maintaining our $80 price objective. RRGB shares have corrected significantly after a strong 3Q earnings report (with company-operated same store sales up 5.7%) and are trading at a 20%-25% premium to casual dining peers on a P/E basis but at a 5% discount on an EV/EBITDA basis. In our opinion, the latter is the more relevant valuation metric given aggressive depreciation policies at Red Robin. Our price objective reflects an expected P/E of 28x (a 45% premium to the peers) and an EV/EBITDA valuation of 10x or about a 10%-15% premium to the group. We believe that RRGB’s performance and prospects warrant a premium valuation.”

U.S. Silica Holdings (NASDAQ:SLCA) was upgraded by analysts at Wells Fargo & Co. from a market perform rating to an outperform rating.

Statoil (NYSE:STO) was upgraded by analysts at Swedbank from a neutral rating to a buy rating.

Southcross Energy Partners LP (NYSE:SXE) was upgraded by analysts at Barclays from an underweight rating to an equal weight rating. They currently have $19.00 target price on the stock, up from their previous target price of $18.00.

Techne Corp. (NASDAQ:TECH) was upgraded by analysts at William Blair from a market perform rating to an outperform rating.

Trinity Industries (NYSE:TRN) was upgraded by analysts at Stephens from an equal weight rating to an overweight rating. They currently have $70.00 target price on the stock, up from their previous target price of $48.00.

Zions Bancorporation (NASDAQ:ZION) was upgraded by analysts at RBS from a sector perform rating to an outperform rating. They currently have $34.00 price target on the stock, up from their previous price target of $33.00.

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