Innovation Update

Morning Playbook: Dividend.com

Stock quotes in this article: BRCD , BLK , CAT , HPQ , NTAP , RIMM , GLD  

The market is trying to get off to a good start this week on the back of numerous Wall Street upgrades that you will see in the list below.

Story Stocks

Brocade(BRCD Quote) -- Stock is strong on news that it may have put itself up for sale.

Upgrades to Watch

AllianceBernstein(AB Quote) -- Keefe, Bruyette & Woods raises estimates. $27 price target.

Accenture(ACN Quote) -- Argus Research raises stock to a buy. $50 price target.

Aegon(AEG Quote) -- HSBC raises stock to an overweight.

Affiliated Managers Group(AMG Quote) -- Keefe, Bruyette & Woods raises estimates. $74 price target.

Franklin Resources(BEN Quote) -- Keefe, Bruyette & Woods raises estimates. $114 price target.

Blackrock(BLK Quote) -- Keefe, Bruyette & Woods raises estimates. $200 price target.

Caterpillar(CAT Quote) -- Morgan Stanley raises estimates. $44 price target.

Calamos Asset Management (CLMS Quote) -- Keefe, Bruyette & Woods raises estimates. $14 price target.

Comerica(CMA Quote) -- Goldman Sachs raises stock to a neutral.

Capital One Financial(COF Quote) -- Goldman Sachs adds stock to its "conviction buy" list.

ConocoPhillips(COP Quote) -- Deutsche Bank raises stock to a buy. $55 price target.

Cisco Systems (CSCO Quote) -- Piper Jaffray reiterates overweight rating. Raises price target to $27.

Citrix Systems (CTXS Quote) -- Barclays Capital raises estimates. $45 price target.

Convergys(CVG Quote) -- Citigroup raises stock to a buy. $12 price target.

DuPont Fabros Technology(DFT Quote) -- Wells Fargo raises stock to an outperform. $14-$16 price range.

eBay(EBAY Quote) -- Credit Suisse raises price target to $21.

Emulex(ELX Quote) -- Morgan Stanley raises est. $12 price target.

Endo Pharmaceuticals (EDNP Quote) -- Oppenheimer raises stock to an outperform. $27 price target.

Eaton Vance (EV Quote) Keefe, Bruyette & Woods raises estimates. $31 price target.

Excelon(EXC Quote) Morgan Stanley raises estimates. $52 price target.

General Dynamics (GD Quote) -- Morgan Stanley raises stock to an overweight. $80 price target.

Gilead Sciences(GILD Quote) -- Citigroup raises estimates. $57 price target.

Hewlett-Packard (HPQ Quote) -- Thomas Weisel raises price target to $56.

Heidrick & Struggles(HSII Quote) -- SunTrust Robinson Humphrey raises stock to a buy. $28 price target.

Hughes Communications (HUGH Quote) -- Barclays Capital raises price target to $35.

Invesco(IVZ Quote) -- Keefe, Bruyette & Woods raises estimates. $25 price target.

Janus Capital (JNS Quote) -- Keefe, Bruyette & Woods raises estimates. $15.50 price target.

Legg Mason(LM Quote) -- Keefe, Bruyette & Woods raises estimates. $34 price target.

Microsemi(MSCC Quote) -- FBR Capital Markets adds stock to its "top picks" list. $22 price target.

ArcelorMittal(MT Quote) -- HSBC initiates stock with an overweight rating. $46 price target.

NetApp(NTAP Quote) -- RBC Capital raises stock to an outperform rating. $33 price target.

OSI Pharmaceuticals (OSIP Quote) -- Barclays Capital raises price target to $36.

PetSmart(PETM Quote) -- Janney Montgomery Scott raises stock to a buy.

PSS World Medical(PSSI Quote): Credit Suisse raises estimates. $24 price target.

Quest Software(QSFT Quote): Auriga raises stock to a buy.

Research In Motion(RIMM Quote): Needham raises stock to a buy. $85 price target.

Shanda Interactive(SNDA Quote): Roth Capital raises stock to a buy. $60 price target.

Sybase(SY Quote): Merrill Lynch/Bank of America initiates stock with a buy. $45 price target.

Syngenta(SYT Quote): Credit Suisse raises stock to an overweight.

T. Rowe Price(TROW Quote): Keefe, Bruyette & Woods raises estimates. $54 price target.

Waddell & Reed(WDR Quote): Keefe, Bruyette & Woods raises estimates. $31 price target.

Wells Fargo(WFC Quote): Goldman Sachs raises stock to a buy. $35 price target.

Downgrades to Watch

AMAG Pharmaceuticals(AMAG Quote): Jefferies cuts stock to a hold.

Advanced Micro Devices(AMD Quote): FBR Capital Markets cuts stock to a market perform. $6 price target.

Duke Energy(DUK Quote): Morgan Stanley cuts estimates. $16.25 price target.

RTI International Metals(RTI Quote): Merrill Lynch/Bank of America cuts estimates. $24 price target.

Valero Energy(VLO Quote): Deutsche Bank cuts stock to a sell.

Other Key Indexes to Watch

Gold(GLD Quote): Gold prices are up slightly so far.

Oil(USO Quote): Oil prices are trading lower in the early going.

Treasuries(TLT Quote): Bond prices are up this morning.

What's the Trade?

I am keying on the financials this morning as Wall Street looks to put a floor under the market here. I will be back with some ideas in the next post.

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At the time of publication, the author had no positions in stocks mentioned, although positions may change at any time.

Tom Reese and Paul Rubillo are senior editors of Dividend.com. Visit Dividend.com for more dividend stock ratings, picks, news, and analysis for long-term and income-seeking investors.

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