This morning, Bank of America upgraded shares of ConocoPhillips (NYSE:COP) from sell to neutral following the company's strong earnings earlier in the week. The firm noted that selling its Lukoil stake will benefit the company and has set a price target of $61 per share.
In morning trading, shares of ConocoPhillips were heading higher, up about 2.5% so far.
Citigroup upgraded shares of Citrix Systems (NASDAQ:CTXS) from sell to hold as earnings jumped more than 12%. The company's desktop virtualization segments continues to shine, driving revenue and earnings in the quarter. With the upgrade, Citigroup raised its price target from $39 per share up to $49.
Shares of CTXS were sharply higher on Thursday, gaining more than 16% today.
And Morgan Stanley raised its EPS estimates on shares of Deckers Outdoor (NYSE:DECK) through 2011 as the company realized higher gross margins. In the report, though, Morgan Stanley maintained its equal weight rating.
Shares of Deckers Outdoor were modestly higher following the report, gaining about 0.5%.
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