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Tektronix Takes Off on Takeover

Plus, other stocks making news and moves Monday.

Editor's Note: In this feature from Stockpickr, we highlight lists of stocks that have been upgraded by analysts or are experiencing activist investor situations or some other market-moving events.

Rumors of the Day

: Shares of

Tellabs

(TLAB)

are climbing on heavy volume Monday due to reinvigorated buyout rumors, according the StreetInsider.com. Shares of the telecom-equipment maker were rising 64 cents, or 7.1%, to $9.54.

Today's Hot List

:

Danaher

(DHR) - Get Report

has inked a

$2.8 billion deal to acquire

Tektronix

(TEK)

for $38 a share in cash. Tektronix will become part of Danaher's Electronic Test platform, joining Danaher's Fluke and Fluke Networks businesses, and nearly doubling the platform's revenue. Tektronix shares soared 33%, or $9.31, to $37.65, while Danaher fell $1.18, or 1.4%, to $81.29.

TST Recommends

Citigroup

(C) - Get Report

slumped after the bank reported

disappointing third-quarter earnings

of 47 cents a share, down 57% from a year ago. Citi shares plunged $1.83, or 3.8%, to $46.04.

Analyst Downgrades

: Bernstein downgraded

Boeing

(BA) - Get Report

from outperform to market perform and lowered its price target to $107. Bernstein said 787 delays could continue, limiting upside potential. Shares of the aerospace and defense company dropped $1.72 to $94.98.

Analyst Upgrades

: UBS upgraded

Novellus Systems

(NVLS)

to neutral from sell and raised its price target to $30 from $28 while holding full-year EPS estimates at $1.65. Shares of the chip-equipment maker added 4 cents to $27.99.

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