UPGRADES:
Wedbush upgrades Interpublic Group (NYSE: IPG) from Neutral to Outperform. Price target increased from $5.50 to $9. Click Here for more color.

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

DOWNGRADES:
FBR Research Downgrades Preferred Bank (Los Angeles) (NASDAQ: PFBC) from Market Perform to Underperform. Price target lowered to $1.50 from $4.00. Click Here for more color.

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

NEW COVERAGE:
Global Hunter Securities initiates coverage on The Pantry (NASDAQ: PTRY) with a Neutral rating. Target Price: $15.50. Click Here for more color.

Global Hunter Securities initiates coverage of Venoco (NYSE: VQ)