Stock News on Upgraded Blue Chip Stocks (BBY, MIR, EXPE, GPS, PCS)

Best Buy (NYSE: BBY) rose 0.45% to $45.09 after FBR Research upgraded the company’s share from Underperform to Market Perform.

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Mirant (NYSE: MIR) rose 19.40% to $12.81 after Deutsche Bank upgraded the company’s share from Sell to Hold. Mirant The power producers Mirant and RRI Energy agreed to a tax-free all-stock merger. Under the terms, for each of their shares, Mirant holders get 2.835 RRI shares.

Expedia, Inc. (Nasdaq: EXPE) rose 3.17% to $25.35 after Piper Jaffray upgraded the stock from Neutral to Overweight  and raised the price target by 25% to $30.

Gap, Inc. (NYSE: GPS) surged 0.32% to $24.93 after Piper Jaffray upgraded the company’s from Neutral to Overweight  and raised the price target by $8 to $30

MetroPCS (NYSE: PCS) surged 2.72% to $7.55 after Auriga upgraded the company’s from Hold to Buy  and raised the price target by $2 to $9.

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