NEW YORK ( TheStreet Ratings) -- TheStreet Ratings' stock model upgraded Citizens & Northern ( CZNC) to 'Buy' from 'Hold'. Net income at this $200 million market cap bank grew by 24.9% to a profit of $5.5 million compared to in the prior first quarter.

TheStreet Ratings released rating changes on 14 U.S. common stocks for May 12, 2011. In total, seven stocks were upgraded and seven stocks were downgraded by our stock model.

In the first quarter, Citizens & Northern reported $20.6 million in revenue, an increase of 9.3% compared to the year earlier quarter. Learn more about Citizens & Northern: Company Profile, Income Statement, Balance Sheet, Stock Ratios, Analyst Ratings.

$968 million market cap, fluid control company, Colfax Corp ( CFX) was upgraded by our stock model to 'Buy' from 'Hold'. In first quarter results, Colfax net profit of $6.6 million, up from a loss of $0.4 million in the year earlier quarter. Over the same time period, revenue gained 32.2% to $159 million. Learn more about Colfax: Company Profile, Income Statement, Balance Sheet, Stock Ratios, Analyst Ratings.

-- Reported by Kevin Baker in Jupiter, FL.

For additional Investment Research check out our Ratings Research Center.
Kevin Baker became the senior financial analyst for TheStreet Ratings upon the August 2006 acquisition of Weiss Ratings by TheStreet.com, covering equity and mutual fund ratings. He joined the Weiss Group in 1997 as a banking and brokerage analyst. In 1999, he created the Weiss Group's first ratings to gauge the level of risk in U.S. equities. Baker received a B.S. degree in management from Rensselaer Polytechnic Institute and an M.B.A. with a finance specialization from Nova Southeastern University.

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