Panera (PNRA) (MNKD) (MSM) (PETM) (PII) (PLL) Upgraded

Panera Bread Company (NASDAQ: PNRA), MannKind Co. (NASDAQ: MNKD), MSC Industrial Direct Co., Inc. (NYSE: MSM), Petsmart Inc (NASDAQ: PETM), Polaris Industries Inc (NYSE: PII) and Pall Co. (NYSE: PLL) upgraded by analysts.

MannKind Co. (MNKD) was upgraded by JMP Securities from a “Market Perform” rating to an “Outperform” rating. They have a price target of $7.00 on the company.

MSC Industrial Direct Co., Inc. (MSM) was upgraded by BB&T (NYSE:BBT) from a “Hold” rating to a “Buy” rating.

Petsmart Inc. (PETM) was upgraded by Oppenheimer from a “Perform” rating to an “Outperform” rating. They have a price target of $49.00 on the company.

Polaris Industries Inc. (PII) was upgraded by Wells Fargo & Co. (NYSE:WFC) from a “Market Perform” rating to an “Outperform” rating.

Pall Co. (PLL) was upgraded by Wedbush from a “Neutral” rating to an “Outperform” rating. They have a price target of $60.00 on the company.

Panera Bread Company (PNRA) was upgraded by Miller Tabak from a “Hold” rating to a “Buy” rating. They have a price target of $125.00 on the company, up from $118.00.

MSC Industrial (NYSE:MSM) Management Says Growth Strategy on Track

Management of MSC Industrial (NYSE:MSM) says their growth initiatives are on track, and manufacturing margins are strong.

On a conference call they said that "higher-margin manufacturing sales were strong and growth was broad-based. Growth initiatives are on track and management expects sales to benefit from share gains as the year progresses. A price increase was implemented in December and is sticking."

Jefferies (NYSE:JEF) said they're raising their full year 2011 EPS estimate by $0.07 to $3.07 and their full year 2012 by $0.03 to $3.48.

Jefferies maintains their "Hold" rating on MSC Industrial, which closed Friday at $60.67, down $0.68, or 1.11 percent. Jefferies raised their price target on them from $66 to $70.