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Benzinga's Top Upgrades

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Bank of America upgraded Adobe Systems (NASDAQ: ADBE) from “neutral” to “buy.” The target price for Adobe has been raised from $47 to $57. Adobe's shares closed at $43.36 yesterday.

Analysts at Goldman Sachs upgraded Tanger Factory Outlet Centers (NYSE: SKT) from “sell” to “neutral.” The target price for Tanger Factory Outlet Centers has been raised from $34.50 to $39. Tanger's shares closed at $34.44 yesterday.

Analysts at Piper Jaffray upgraded United Natural Foods (NASDAQ: UNFI) from “neutral” to “overweight.” The target price for United Natural Foods has been raised from $57 to $64. United Natural Foods' shares closed at $54.39 yesterday.

Morgan Stanley upgraded Sonic (NASDAQ: SONC) from “underweight” to “equal-weight.” Sonic's shares closed at $14.68 yesterday.

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