Kodiak (KOG) (NOR) (RES) (CTXS) (AJG) (MDF) (TUP) Upgraded

Kodiak Oil & Gas Corp. (NYSE: KOG), Noranda Aluminum Holding Co. (NYSE: NOR), RPC, Inc (NYSE: RES), Citrix Systems, Inc. (NASDAQ: CTXS), Arthur J. Gallagher & Co. (NYSE: AJG), Metropolitan Health Networks, Inc. (NYSE: MDF) and Tupperware Brands Co. (NYSE: TUP) upgraded by analysts.

RPC, Inc. (RES) was upgraded by Global Hunter Securities from a “Neutral” rating to an “Accumulate” rating. They have a price target of $29.00 on the company, up from $27.00.

Kodiak Oil & Gas Corp. (KOG) was upgraded by Pritchard to a “Buy” rating.

Citrix Systems, Inc. (CTXS) was upgraded by Morgan Stanley (NYSE:MS) to an “Overweight” rating. They have a price target of $88.00 on the company.

Arthur J. Gallagher & Co. (AJG) was upgraded by Stifel Nicolaus from a “Hold” rating to a “Buy” rating. They have a price target of $35.00 on the company.

Metropolitan Health Networks, Inc. (MDF) was upgraded by Feltl & Co. from a “Buy” rating to a “Strong Buy” rating. They have a price target of $6.88 on the company, up from $5.45.

Noranda Aluminum Holding Co. (NOR) was upgraded by Citigroup (NYSE:C) from a “Hold” rating to a “Buy” rating.

Tupperware Brands Co. (TUP) was upgraded by Caris & Company from an “Above Average” rating to a “Buy” rating. They have a price target of $80.00 on the company, up from $78.00.

Newpark (NR) (BBNK) (CBOE) (CRR) (PROV) (RES) (TAOM) Get New Coverage

Bridge Capital Holdings (NASDAQ: BBNK), CBOE Holdings, Inc (NASDAQ: CBOE), Carbo Ceramics (NYSE: CRR), Newpark Resources, Inc. (NYSE: NR), Provident Financial Holdings, Inc. (NASDAQ: PROV), RPC, Inc (NYSE: RES) and Taomee Holdings (NASDAQ: TAOM) get new coverage from analysts.

Raymond James (NYSE:RJF) initiated coverage on Bridge Capital Holdings (BBNK). They placed an “outperform” rating on the company.

BMO Capital Markets initiated coverage on CBOE Holdings, Inc (CBOE). They placed a “market perform” rating on the company.

Dahlman Rose initiated coverage on Carbo Ceramics (CRR). They placed a “Buy” rating and a price target of $215.00 on the company.

Dahlman Rose initiated coverage on Newpark Resources, Inc. (NR). They placed a “Buy” rating and a price target of $12.00 on the company.

Raymond James initiated coverage on Provident Financial Holdings, Inc. (PROV). They placed an “outperform” rating on the company.

Dahlman Rose initiated coverage on RPC, Inc (RES). They placed a “Hold” rating on the company.

Oppenheimer initiated coverage on Taomee Holdings (TAOM). They placed a “Perform” rating and a price target of $15.00 on the company.

Coverage on (KEG) (KWR) (RES) (TZYM) (WX) Initiated

Coverage on Key Energy (NYSE: KEG), Quaker Chemical Co. (NYSE: KWR), RPC, Inc (NYSE: RES), Tranzyme Inc (NASDAQ: TZYM) and WuXi PharmaTech (NYSE: WX) was initiated by analysts.

Global Hunter Securities initiated coverage on Key Energy (KEG). They placed a “buy” rating and a price target of $24.00 on the company.

Jefferies (NYSE:JEF) initiated coverage on Quaker Chemical Co. (KWR). They placed a “buy” rating and a price target of $49.00 on the company.

Global Hunter Securities initiated coverage on RPC, Inc (RES). They placed a “neutral” rating and a price target of $27.00 on the company.

Canaccord Genuity initiated coverage on Tranzyme Inc (TZYM). They placed a “buy” rating on the company.

Credit Agricole initiated coverage on WuXi PharmaTech (WX). They placed a “buy” rating on the company.

Analyst Upgrades for (RES) (RIG) (ROC) (SCG) (SD)

RPC, Inc (NYSE: RES), Transocean (NYSE: RIG), Rockwood Holdings, Inc. (NYSE: ROC), Scana Corporation (NYSE: SCG) and SandRidge Energy Inc. (NYSE: SD) received upgrades from analysts today.

Goldman Sachs (NYSE:GS) upgraded RPC, Inc (RES) from a “sell” rating to a “neutral” rating. They now have a price target of $28 on the company.

Duncan Williams upgraded Transocean (RIG) from a “reduce” rating to a “strong buy” rating. They have a price target of $93 on the company.

JPMorgan Chase & Co. (NYSE:JPM) upgraded Rockwood Holdings, Inc. (ROC). They have a price target of $55 on the company, up from $47.

Benchmark Co. upgraded Scana Corporation (SCG) from a “hold” rating to a “buy” rating. They have a price target of $44 on the company. They cited valuation as the catalyst.

Global Hunter Securities upgraded SandRidge Energy Inc. (SD) from a “reduce” rating to a “neutral” rating. They have a price target of $11.15 on the company, up from $6.75.

RPC (NYSE:RES) Driven by Demand for Downhole Tools, Coiled Tubing and Pressure Pumping

RPC (NYSE:RES) looks good for the next several quarters, says Canaccord, citing strong demand for Downhole Tools, rentals, Coiled Tubing and Pressure Pumping.

Canaccord says, "Following solid Q4 earnings, we are reiterating our BUY rating as we believe RES will continue to benefit from strong demand for pressure pumping, coiled tubing, and downhole tools and rentals for the next several quarters. We also like that RES continues to return cash to shareholders by increasing its dividend. We tweak our 2011 EPS estimate by 3 cents to $1.60 and roll out our 2012E EPS at $1.75. Our target price remains at $24.67, based on 5.7x and 14.1x 2012E EV/EBITDA and P/E."

Canaccord Genuity maintains a "Buy" rating on RPC Inc. (RES), which closed at $17.72, up $0.64, or 3.75 percent. Canaccord has a price target of $24.67 on RES.

RPC (NYSE:RES) Should Benefit from Tightened Supplies

While the pressure pumping market continues to improve, tools for supplying the industry are tight, and that should strongly benefit RPC (NYSE:RES) as the sector rebounds.

Canaccord said, "We reiterate our rating as we believe RES stands to benefit from higher pricing and margins as the pressure pumping market continues to strengthen. The company remains well positioned with pressure pumping, coiled tubing, downhole tools, and rentals, which together are some of the most undersupplied services currently in the oil patch."

Canaccord Genuity reiterates a "Buy' on RPC Inc., which closed Tuesday at $19.67, down $1.24, or 5.93 percent. They have a price target of $24.67 on them.

RPC Inc. (NYSE:RES) Estimates Boosted on Broader Market

With the broader pressure pumping market strengthening,Canaccord Genuity has increased their EPS estimate on RPC Inc. (NYSE:RES) and maintain their "Buy" rating on the company.

Canaccord said, "We reiterate our BUY rating as RES stands to benefit from higher pricing and margins as the pressure pumping market continues to strengthen. The company remains well positioned with pressure pumping, coiled tubing, downhole tools, and rentals, which together are some of the most undersupplied services currently in the oil patch...We are increasing our 2011 estimates by 25 cents to $2.35."

RPC closed Friday at $30.71, dropping $0.69, or 2.20 percent. Canaccord increased their price target on them from $30 to $37. Volume on Friday was about three times above the daily 3-month average.