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Benzinga's Top Upgrades

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Analysts at JP Morgan upgraded Ares Capital (NASDAQ: ARCC) from “neutral” to “overweight.” The target price for Ares Capital is set to $18.50. Ares Capital's stock closed at $17.54 yesterday.

Analysts at BMO Capital upgraded Packaging Corporation of America (NYSE: PKG) from “market perform” to “outperform.” The target price for Packaging Corporation of America has been raised from $43 to $50. Packaging Corporation's shares closed at $45.53 yesterday.

Oppenheimer upgraded CIT Group (NYSE: CIT) from “perform” to “outperform.” The target price for CIT Group is set to $54. CIT Group's shares closed at $40.88 yesterday.

Wells Fargo upgraded Ryder System (NYSE: R) from “market perform” to “outperform.” Ryder System's shares closed at $53.31 yesterday.

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