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Research Analysts’ upgrades for Friday, May 30th:

Abercrombie & Fitch Co. (NYSE:ANF) was upgraded by analysts at Credit Agricole from an outperform rating to a buy rating.

AVG Technologies NV (NYSE:AVG) was upgraded by analysts at ING Group from a hold rating to a buy rating. The analysts wrote, “AVG Technologies (AVG) has been upgraded by TheStreet Ratings from hold to buy. The company’s strengths can be seen in multiple areas, such as its expanding profit margins, increase in stock price during the past year, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.”

Basic Energy Services (NYSE:BAS) was upgraded by analysts at Capital One Financial Corp. from an equal weight rating to an overweight rating.

Bank of Montreal (TSE:BMO) was upgraded by analysts at CIBC from a sector perform rating to an outperform rating. The firm currently has C$76.00 price target on the stock, up from their previous price target of C$73.00.

Costamare (NASDAQ:CMRE) was upgraded by analysts at ING Group from a hold rating to a buy rating. The analysts wrote, “Costamare (CMRE) 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, expanding profit margins, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income.”

DSW (NYSE:DSW) was upgraded by analysts at Zacks from an underperform rating to a neutral rating. The firm currently has $25.30 target price on the stock.

Energy Recovery (NASDAQ:ERII) was upgraded by analysts at ING Group from a sell rating to a hold rating. The analysts wrote, “Energy Recovery (ERII) has been upgraded by TheStreet Ratings from sell to hold. The company’s strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we find that we feel that the company’s cash flow from its operations has been weak overall.”

Hornbeck Offshore Services (NYSE:HOS) was upgraded by analysts at Zacks from an underperform rating to a neutral rating. They currently have $46.20 target price on the stock.

Heroux-Devtek (TSE:HRX) was upgraded by analysts at GMP Securities from a reduce rating to a hold rating.

Oil States International (NYSE:OIS) was upgraded by analysts at ISI Group from an equal weight rating to an overweight rating.

Opko Health (NYSE:OPK) was upgraded by analysts at ING Group from a sell rating to a hold rating. The analysts wrote, “Opko Health (OPK) has been upgraded by TheStreet Ratings from sell to hold. The company’s strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, weak operating cash flow and feeble growth in the company’s earnings per share.”

Osiris Therapeutics (NASDAQ:OSIR) was upgraded by analysts at Zacks from a neutral rating to an outperform rating. Zacks currently has $19.00 target price on the stock. Zacks’ analyst wrote, “Osiris reported a loss of $0.02 per share in the first quarter, a penny wider than the year-ago loss of $0.01 per share but narrower than the Zacks Consensus Estimate of a loss of $0.08 per share. Revenues for the quarter came in at $10.1 million, surpassing the Zacks Consensus Estimate of $9 million and increasing 146% from the year-ago quarter. Revenues increased 25% sequentially reflecting higher volume. Osiris reported sales growth for Grafix as well as Ovation. Osiris’ Biosurgery segment has been gaining traction over the past few quarters and is well-positioned for growth. The company’s increased sales effort should start paying off from the second half of the year. We are also positive on the company’s sale of its ceMSC business. Based on the company’s attractive growth prospects, we are upgrading the stock to Outperform. “

Potash Corp./Saskatchewan (NYSE:POT) was upgraded by analysts at Zacks from an underperform rating to a neutral rating. The firm currently has $38.00 price target on the stock.

Sonic Healthcare (NASDAQ:SKHCF) was upgraded by analysts at Deutsche Bank from a hold rating to a buy rating.

Sharps Compliance (NASDAQ:SMED) was upgraded by analysts at Zacks from an underperform rating to a neutral rating. They currently have $4.00 price target on the stock.

Turkcell Iletisim (NYSE:TKC) was upgraded by analysts at ISI Group from a hold rating to a buy rating. The analysts wrote, “Turkcell Iletisim Hizmetleri AS (TKC) has been upgraded by TheStreet Ratings from hold to buy. The company’s strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.”

Ternium (NYSE:TX) was upgraded by analysts at Morgan Stanley to an equal weight rating. The firm currently has $30.20 price target on the stock, down from their previous price target of $30.50. The analysts wrote, “We attended Ternium’s 2014 Investor Day, where we met with senior management. TX is a well-run company with a sound strategy and an attractive presence in Mexico. But Siderar is facing macro headwinds and we believe the stock is unlikely to outperform. Stay EW & new PT of US$30.2/ADS.”

Yanzhou Coal Mining Co (NYSE:YZC) was upgraded by analysts at Deutsche Bank from a sell rating to a hold rating.

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