Ratings on (CCJ) (CLR) (DO) (DX) (ETFC) Upgraded

Analysts upgraded their ratings on Cameco Co. (NYSE: CCJ), Continental Resources, Inc. (NYSE: CLR), Diamond Offshore Drilling, Inc. (NYSE: DO), Dynex Capital, Inc. (NYSE: DX) and E TRADE Financial Co. (NASDAQ: ETFC) today.

TD Newcrest upgraded Cameco Co. (CCJ) from a “hold” rating to a “buy” rating.

Canaccord Genuity upgraded Continental Resources, Inc. (CLR) from a “hold” rating to a “buy” rating.

Duncan Williams upgraded Diamond Offshore Drilling, Inc. (DO) from a “reduce” rating to a “strong buy” rating. They have a $86.75 price target on the company. They cited valuation as the catalyst behind the call.

Ladenburg Thalmann upgraded Dynex Capital, Inc. (DX) from a “neutral” rating to a “buy” rating. They have a price target of $10.50 on the company.

Goldman Sachs (NYSE:GS) upgraded E TRADE Financial Co. (ETFC) from a “neutral” rating to a “buy” rating.

Cisco (CSCO) Loses Chrapaty to Zynga

Following on the heels of hiring Neil Roseman from Amazon.com (NASDAQ:AMZN) as its vice president of engineering, Zynga has now tapped Cisco (NASDAQ:CSCO) in hiring Debra Chrapaty to be its chief information officer.

Chrapaty formerly worked at Microsoft (NASDAQ:MSFT) and Etrade (NASDAQ:ETFC) before landing at Cisco in 2009. She was senior vice president of Cisco's collaboration software group before being hired away.

Cadir Lee, CTO of Zynga, said Chrapaty's "experience with both rapidly growing companies as well as running some of the largest networks in the world will prove invaluable as Zynga continues to grow and develop games that delight our hundreds of millions of players."

For the uninitiated, Zynga is the company that operates the FarmVille and CityVille games on Facebook.

Chrapate will help oversee the technologies that empower the company to serve the gigantic audience that play Zynga games, estimated to be at over 270 million.

Cisco closed Thursday at $17.91, falling $0.16, or 0.89 percent.