Stocks Rallying On Upgrades (AAN, HRBN, QEP, CPE)

Aaron's, Inc. (NYSE:AAN) soared 12.54% to $19.92. Hilliard Lyons upgraded Aaron's, Inc. from Neutral to Long-Term Buy with a price target of PT $25.

Over the past 52-week, the stock had traded within the range of $16.16-$24.32 and is up more than 6% year-to-date. Over the past five trading sessions, the stock went up more than 13%.

Harbin Electric, Inc. (NASDAQ:HRBN) went up 6.56% to $21.29. Roth Capital upgraded Harbin Electric from Neutral to Buy with a price target of $26.

The stock opened at $20.60 and has a 52-week range of $15.26-$26. In the past one month of trading sessions, the stock went up more than 22%.

QEP Resources, Inc. (NYSE:QEP) surged 1.40% to $31.89. Madison Williams upgraded QEP Resources from Neutral to Buy. The price target was upped $1 to $39.

Yesterday, the company announced that it has raised 2010 production forecast to 225-227 Bcfe. The Company now estimates 2010 net production could range from 225 to 227 Bcfe, up 19% to 20% from 2009 production of 189.5 Bcfe. Prior guidance was 218 to 222 Bcfe.

The stock went up more than 8% year-to-date.

Callon Petroleum Company (NYSE:CPE) jumped 1.38% to $5.13. CapitalOne Southcoast upgraded Callon Petroleum from Neutral to Add.

Over the past 52-week, the stock had traded within the range of $1.36-$8.80 and is up more than 253% year-to-date. Over the past five trading sessions, the stock went up more than 4%.