UPGRADES:
Caris & Co. upgrades Tiffany & Co. (NYSE: TIF) from Above Average to Buy.

RBC Capital raised their investment rating on shares of QLT (NASDAQ: QLTI) from Sector Perform to Outperform, also boosting their price target from $4.50 to $6. Click Here for more color.

For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades

DOWNGRADES:
Keefe, Bruyette & Woods downgrades First State Bancorporation (NASDAQ: FSNM) to Market Perform. Price target $1. Click Here for more color.

Keefe, Bruyette & Woods downgrades R&G Financial Corporation (OTC: RGFC) to Market Perform. Price target $1. Click Here for more color.

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