Daily Digest :Upgrades and Downgrades for May 16, 2011 ( Monday ) !

Daily Digest Stockinvestips

Upgrades for May 16 2011 Monday:

1) Abraxas Petroleum Corp. ( NASDAQ: AXAS) upgraded from hold to buy by C.K. Cooper

2) Accenture ( NYSE:ACN) upgraded from neutral to buy by UBS.

3) Cenovus Energy ( NYSE:CVE) upgraded from sector perform to outperform by RBC Capital Mkts

4) Darling Intl ( NYSE: DAR ) upgraded from hold to buy by Morgan Joseph.

5) Genpact ( NYSE:G) upgraded from neutral to buy by UBS.

6) Imperial Sugar ( NASDAQ: IPSU) upgraded from hold to buy by  BWS Financial.

7) Jacobs ( NYSE:JEC) upgraded from neutral to outperform by Robert W. Baird.

8) STEC Inc ( NASDAQ: STEC) upgraded from hold to buy by  The Benchmark Company.

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Downgrades for May 16 2011 Monday:

1) China Shengda Packaging ( NAsDAQ: CPGI ) downgraded from outperform to perform Oppenheimer.

2) Heartland Express ( NASDAQ: HTLD) downgraded from outperform to neutral by Robert W. Baird.

3) Knight Transportation ( NYSE: KNX) downgraded from outperform to neutral by Robert W. Baird.

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Coverage Initiated for May 16 2011 Monday:

1) Baker Hughes ( NYSE: BHI) coverage initiated with buy by Global Hunter Securities.

2) Basic Energy Services ( NYSE: BAS) coverage initiated with buy by Global Hunter Securities.

3) Complete Production Services ( NYSE: CPX ) coverage initiated with Accumulate by Global Hunter Securities.

4) Halliburton ( NYSE: HAL ) coverage initiated with accumulat by Global Hunter Securities.

5) Key Energy ( NYSE: KEG) coverage initiated with Buy by Global Hunter Securities.

6) RPC ( NYSE: RES ) coverage initiated with neutral by Global Hunter Securities.

7) Tranzyme ( NASDAQ: TZYM) coverage initiated with Buy by Canaccord Genuity.

8) Tranzyme ( NASDAQ: TZYM ) coverage initiated with buy by Stifel Nicolaus.

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