SunPower (SPWRA) (CSCO) (SIMO) (CVD) (CVS) (FDX) Upgraded

SunPower Co. (NASDAQ: SPWRA), Cisco Systems, Inc. (NASDAQ: CSCO), Silicon Motion Technology Corp. (NASDAQ: SIMO), Covance Inc. (NYSE: CVD), CVS Caremark (NYSE: CVS) and FedEx (NYSE: FDX) were upgraded by analysts.

SunPower Co. (SPWRA) was upgraded by Avian from a “Negative” rating to a “Neutral” rating.

Cisco Systems, Inc. (CSCO) was upgraded by UBS AG (NYSE:UBS) from a “Neutral” rating to a “Buy” rating. They have a price target of $19.75 on the company.

Silicon Motion Technology Corp. (SIMO) was upgraded by Zacks Investment Research from a “Neutral” rating to an “Outperform” rating.

Covance Inc. (CVD) was upgraded by Goldman Sachs (NYSE:GS) from a “Neutral” rating to a “Buy” rating.

CVS Caremark (CVS) was upgraded by Morgan Stanley (NYSE:MS) from an “Equal Weight” rating to an “Overweight” rating. They have a price target of $44.00 on the company.

FedEx (FDX) was upgraded by TheStreet to a “Buy” rating.