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Wednesday's Analysts' Upgrades and Downgrades
Change in Ratings
Brady(BRC Quote) was downgraded to Market-weight at Thomas Weisel. Company may not be able to invest capital into the business to deliver sustainable margin expansion. Estimates also cut below consensus.
Rating on Citigroup(C Quote) was raised to Buy at Banc of America. Bar has been set low after years of underperformance, and continues to drive growth through cost-cutting.
Morgan Stanley resumes coverage of Freeport McMoran(FCX Quote) with an overweight rating and $78 price target. ...
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