Sara Lee (SLE) (EQIX) (HAIN) (HSP) (STRI) Upgraded

Sara Lee (NYSE: SLE), Equinix, Inc. (NASDAQ: EQIX), The Hain Celestial Group, Inc. (NASDAQ: HAIN), Hospira, Inc. (NYSE: HSP) and STR Holdings, Inc. (NASDAQ: STRI) upgraded by analysts.

Sara Lee (SLE) was upgraded by analysts at Bank of America (NYSE:BAC) to a “Buy” rating. They have a price target of $21.00 on the company.

Equinix, Inc. (EQIX) was upgraded by William Blair from a “Market Perform” rating to an “Outperform” rating.

The Hain Celestial Group, Inc. (HAIN) was upgraded by RBC Capital from a “Sector Perform” rating to an “Outperform” rating. They have a price target of $37.00 on the company.

Hospira, Inc. (HSP) was upgraded by Citigroup (NYSE:C) from a “Sell” rating to a “Hold” rating. They have a price target of $49.00 on the company.

STR Holdings, Inc. (STRI) was upgraded by Craig Hallum from a “Buy” rating to a “Hold” rating.

NetSpend (NTSP) (LAMR) (NCIT) (STRI) (PMI) Downgraded

NetSpend (NASDAQ: NTSP), Lamar Advertising Company (NASDAQ: LAMR), NCI Inc. (NASDAQ: NCIT), STR Holdings, Inc. (NASDAQ: STRI) and PMI Group Inc (NYSE: PMI) downgraded by analysts.

Lamar Advertising Company (LAMR) was downgraded by Benchmark Co. to a “Hold” rating. They have a price target of $24.00 on the company.

NCI Inc. (NCIT) was downgraded by Stifel Nicolaus from a “Buy” rating to a “Hold” rating.

NetSpend (NTSP) was downgraded by Barrington Research from an “Outperform” rating to a “Market Perform” rating.

PMI Group Inc. (PMI) was downgraded by Credit Suisse (NYSE:CS) from an “Outperform” rating to a “Neutral” rating.

STR Holdings, Inc. (STRI) was downgraded by Macquarie from a “Neutral” rating to an “Underperform” rating.

STR Holdings (NYSE:STRI) Earnings to Increase in 2012 Says Auriga

STR Holdings (NYSE:STRI) earnings are expected to increase in 2012, although Auriga isn't convinced the company will grow share against its Asian competitors.

Auriga noted, "While we are skeptical of share gains vs. Asian competitors, in-line growth and reasonable price decline assumptions still lead to increased 2012 earnings. We expect STRI to execute cost declines behind price declines, but volume growth at existing customers should make up for the difference and lead to 14% y/y earnings growth in 2012...We shift valuation to 2012 estimates and increase our price target to $22, 12x our non-GAAP 2012 EPS estimate of $1.88."

Auriga reiterates a "Hold" rating on STR Holdings, which closed Tuesday at $18.34, down $0.42, or 2.24 percent. Auriga raised their price target on them from $20 to $22.