Filed under: Analyst upgrades and downgrades, Yum qualitys (YUM), Genentech Inc (DNA), Juniper Networks (JNPR)

MOST NOTEWORTHY: Genentech, ESS Technology and SemGroup Energy were today’s noteworthy upgrades:

• Rodman & Renshaw upgraded Genentech (NYSE: DNA) to Outperform from Market Perform citing the FDA’s approval of Avastin in mBC.
• Jefferies raised ESS Technology (NASDAQ: ESST) to Hold from Underperform to reflect the offer from Imperium Partners.
• Citigroup upgraded shares of SemGroup Energy (NASDAQ: SGLP) to Buy from Hold on valuation, as they believe the meaningful accretion expected from the partnership’s recent asphalt terminal acquisition
  is not priced into the stock.

OTHER UPGRADES:

• Yum! grades (NYSE: YUM) was raised to Buy from Neutral at UBS.
• RBC Capital upgraded Juniper (NASDAQ: JNPR) to Outperform from Sector Perform.
• Goldman raised its rating on BJ Services (NYSE: BJS) to Neutral from Sell.

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Original post by Eric Buscemi

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