Shares of Watson Pharmaceutical (WPI) were upgraded by UBS on Friday from Neutral to Buy after announcing quarterly results on Thursday. . The firm changed the price target from $43 to $59. Watson had reported that net revenue grew 33% to $882.4 million, compared to $662.1 million in the third quarter 2009.On an adjusted cash basis, net income increased 18% to $105.9 million or $0.85 per share, compared to $90.0 million or $0.78 per share in the third quarter 2009.
Shares are higher by nearly 1.3 percent.
American Express (NYSE:AXP) was upgraded by Argus from Hold to Buy with a price target of $50, following the announcement of the acquisition of Accertify for $150 million.
Shares are higher by about six tenths of a percent.
Goodrich Petroleum (NYSE:GDP) was upgraded by Stifel Nicolaus from Hold to Buy, with a price target of $17. The upgrade was based on emerging potential for the company's Eagle Ford Shale and Shelby Trough properties.
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