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Equities Research Analysts’ upgrades for Wednesday, June 11th:

Achillion Pharmaceuticals (NASDAQ:ACHN) was upgraded by analysts at Robert W. Baird from a neutral rating to an outperform rating. They currently have $12.00 target price on the stock, up from their previous target price of $4.00.

Amazon.com (NASDAQ:AMZN) was upgraded by analysts at Goldman Sachs from a buy rating to a conviction-buy rating.

Angie's List (NASDAQ:ANGI) was upgraded by analysts at Wunderlich from a hold rating to a buy rating. They currently have $15.00 price target on the stock.

ConocoPhillips (NYSE:COP) was upgraded by analysts at Howard Weil from a sector perform rating to a sector outperform rating. The firm currently has $90.00 price target on the stock, up from their previous price target of $75.00.

Dassault Systemes (NASDAQ:DASTY) was upgraded by analysts at Oddo & Cie from a neutral rating to a buy rating.

Diana Shipping (NYSE:DSX) was upgraded by analysts at Barclays from an underweight rating to an equal weight rating. Barclays currently has $12.00 target price on the stock, up from their previous target price of $11.00.

Edwards Lifesciences Corp (NYSE:EW) was upgraded by analysts at JMP Securities from a market perform rating to an outperform rating. The firm currently has $97.00 price target on the stock.

Marvell Technology Group (NASDAQ:MRVL) was upgraded by analysts at Nomura from a neutral rating to a buy rating. The firm currently has $19.00 price target on the stock, up from their previous price target of $15.00.

Micron Technology (NYSE:MU) was upgraded by analysts at Bank of America from an underperform rating to a buy rating.

Prosperity Bancshares (NYSE:PB) was upgraded by analysts at Sterne Agee from a neutral rating to a buy rating. Sterne Agee currently has $71.00 target price on the stock, up from their previous target price of $67.00.

Premier Foods Plc (LON:PFD) was upgraded by analysts at Goldman Sachs to a buy rating. Goldman Sachs currently has GBX 90 ($1.51) target price on the stock, up from their previous target price of GBX 75 ($1.26).

PureCircle Limited (LON:PURE) was upgraded by analysts at Numis Securities Ltd to a hold rating. The firm currently has GBX 600 ($10.09) target price on the stock, up from their previous target price of GBX 555 ($9.33).

Reynolds American (NYSE:RAI) was upgraded by analysts at Bank of America from a neutral rating to a buy rating. They currently have $65.00 price target on the stock, up from their previous price target of $63.00. The analysts wrote, “We have boosted our 2014/2015 EPS est by 2c/3c to $3.38/$3.66 respectively, due to slightly better cigarette price realization than prior ests (+4.3% vs. prior +3.9%e) and cigarette op. margins (+20bps/+30bps to 37.9%/ 38.9% in 2014/15). We have not factored in $266mn in pending MSA credits. “We are lifting our PO from $63 to $65 given higher EPS ests and our belief that the factors discussed above will continue. At a 2015 P/E target multiple of 17.8x, we acknowledge that this is at the top of its historical norm. Risks to our PO are potential accelerated cigarette category declines, poor price realization, increased regulation, taxes, & litigation.”

Skullcandy (NASDAQ:SKUL) was upgraded by analysts at Piper Jaffray from an underweight rating to a neutral rating. They currently have $7.50 price target on the stock.

SanDisk (NASDAQ:SNDK) was upgraded by analysts at Bank of America from an underperform rating to a buy rating. The firm currently has $125.00 target price on the stock, up from their previous target price of $80.00.

Stryker (NYSE:SYK) was upgraded by analysts at Argus from a hold rating to a buy rating. They currently have $102.00 target price on the stock.

United Microelectronics Corp (NYSE:UMC) was upgraded by analysts at Bank of America to a buy rating.

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