Cisco (CSCO) (NOG) (SNX) (SPRD) (LLY) (DCT) Upgraded

Cisco Systems, Inc. (NASDAQ: CSCO), Northern Oil & Gas, Inc. (NYSE: NOG), SYNNEX Co. (NYSE: SNX), Spreadtrum Communications (NASDAQ: SPRD), Eli Lilly & Co. (NYSE: LLY) and DCT Industrial Trust Inc. (NYSE: DCT) upgraded by analysts.

Northern Oil & Gas, Inc. (NOG) was upgraded by Global Hunter Securities from a “Neutral” rating to an “Accumulate” rating. They have a price target of $24.00 on the company.

SYNNEX Co. (SNX) was upgraded by Stifel Nicolaus from a “Hold” rating to a “Buy” rating. They have a price target of $32.00 on the company.

Spreadtrum Communications (SPRD) was upgraded by Needham & Company from a “Buy” rating to a “Strong Buy” rating.

Cisco Systems, Inc. (CSCO) was upgraded by Gleacher & Co. from a “Neutral” rating to a “Buy” rating. They have a price target of $20.00 on the company.

Eli Lilly & Co. (LLY) was upgraded by Argus from a "Hold” rating to a “Buy” rating.

DCT Industrial Trust Inc. (DCT) was upgraded by FBR Capital from an “Underperform” rating to an “Outperform” rating.

SYNNEX Corp.'s (NYSE:SNX) Small, Medium Business Demand Exceeds Expectations

Citing better-than-expected demand in the small and medium business sector for SYNNEX Corp. (NYSE:SNX), Goldman Sachs (NYSE:GS) raised their EPS estimates and price target on the company.

Demand in the small and medium business sector accounts for close to 50 percent of overall revenue for SYNNEX.

For full year 2011 and 2012, they boosted their EPS estimates from
$3.60 and $3.95 to $3.70 and $4.10. They initiated a full year 2012 estimate of $4.50.

SYNNEX will also benefit in distribution from their acquisition with Ingram Micro (NYSE:IM), said Goldman, which sees potential of 26 percent upside from it.

Goldman maintains a "Neutral" rating on SYNNEX, which closed Wednesday at $34.28, up $0.54, or 1.60 percent. Goldman raised their price target on SNX from $33.50 to $35.50.