upgrades downgrades

UPGRADES JPMorgan upgrades Dell (Nasdaq: DELL) from Underweight to Overweight with a price target of $21 (up from $17).

Stifel Nicolaus lifts GMX Resources (NYSE: GMXR) from Sell to Hold. Barclays boosts Seagate Technology (Nasdaq: STX) from Equalweight to Overweight, its price target raised from $21 to $31.

JPMorgan raises Franklin Resources (NYSE: BEN) from Underweight to Neutral, its price target boosted from $91 to $108.

UPGRADES Goldman Sachs upgrades CF Industries (NYSE: CF) to Conviction Buy with a price target of $225. Click Here for more color.

BofA/Merrill Lynch lifts CEMEX (NYSE: CX) from Neutral to Buy. Needham & Company boosts Under Armour, Inc. (NYSE: UA) from Hold to Buy, with an $86 price target.

UPGRADES Goldman Sachs upgrades Citi (NYSE: C) from Neutral to Buy with a price target of $36 (up from $35). Click Here for more color.

Piper Jaffray lifts Zimmer Holdings (NYSE: ZMH) from Neutral to Overweight, price target raised from $65 to $75.

UPGRADES Evercore Partners upgrades Delta Air Lines (NYSE: DAL) from Underweight to Equal Weight, its price target raised from $8 to $11.

Susquehanna boosts NVIDIA (Nasdaq: NVDA) from Neutral to Positive, raising its price target from $13 to $18. Canaccord Genuity lifts St.

Jude Medical (NYSE: STJ) from Hold to Buy, price target raised from $42 to $50.

UPGRADES Deutsche Bank upgrades Bed Bath and Beyond (Nasdaq: BBBY) to Buy with a price target of $70. Click Here for more color.

Citi lifts Novellus (Nasdaq: NVLS) from Neutral to Buy. Citi upgraded KLA-Tencor (Nasdaq: KLAC) from Neutral to Buy.

UPGRADES Deutsche Bank upgrades Noble Corporation (NYSE: NE) from Hold to Buy. Click Here for more color.

Imperial Capital lifts Community Health (NYSE: CYH) from In-line to Outperform with a price target of $25. Longbow Research boosts Manitowoc (NYSE: MTW) from Neutral to Buy.

UPGRADES Bernstein upgrades Boston Scientific (NYSE: BSX) from Market Perform to Outperform, its price target raised $6.50 to $7.

Deutsche Bank lifts Health Management (NYSE: HMA) from Hold to Buy, its price target lowered from $9.50 to $8.50. Click Here for more color.

UPGRADES Credit Suisse upgrades MGM Resorts (NYSE: MGM) from Underperform to Neutral with a price target of $13.

Barclays lifts RadioShack (NYSE: RSH) from Underweight to Equalweight. ThinkEquity raises Cree (Nasdaq: CREE) from Hold to Buy, maintains price target of $30.

Barclays boosts OfficeMax (NYSE: OMX) from Underweight to Equalweight.

UPGRADES Deutsche Bank lifts Alcatel-Lucent (NYSE: ALU) from Hold to Buy, keeping its price target of €2. Click Here for more color.

Piper Jaffray raises General Motors (NYSE: GM) from Neutral to Overweight, its price target boosted from $24.50 to $31.

UPGRADES Wedbush upgrades Exide Technologies (Nasdaq: XIDE) from Neutral to Outperform with a price target of $5. Click Here for more color.

Macquarie lowers J.C. Penney (NYSE: JCP) from Neutral to Outperform with a price target of $42.