JPMorgan

Chordiant Software (Nasdaq: CHRD) 30.5% HIGHER; Pegasystems (Nasdaq: PEGA) to acquire Chordiant for $5/share.

Fortress International Group, Inc. (NASDAQ: FIGI) 20% LOWER; Friday announced that its Board of Directors has voted to voluntarily delist the Company's common stock from the NASDAQ Capital Market pursuant to NASDAQ Stock Market Rule 5840(j). In conjunction with this vote, Fortress has given formal notice to the NASDAQ Stock Market of the Company's intention to voluntarily delist its common stock from the NASDAQ Capital Market. Fortress plans to file a Form ...

Dynavax Technologies Corporation (Nasdaq: DVAX) 83.4% HIGHER; announced that the U.S. FDA has removed the clinical hold for the HEPLISAVTM Investigational New Drug application in individuals with chronic kidney disease. HEPLISAV is a Phase 3 investigational adult hepatitis B vaccine designed to provide increased, rapid protection with fewer doses than current licensed vaccines.

DARA BioSciences, Inc. (Nasdaq: DARA) 57.3% HIGHER; today that SurgiVision, Inc., a privately held company of which DARA owns approximately 7.3% of the outstanding shares, has entered into an agreement with Siemens Healthcare, a division of Siemens AG (NYSE: SI) for the co-development and commercialization of a real-time magnetic resonance image (MRI)-guided cardiac electrophysiology system.

Generex Biotechnology Corporation (Nasdaq: GNBT) 41.2% HIGHER; today announced that the U.S. FDA ...

UPGRADES:
Morgan Stanley upgrades Baker Hughes (NYSE: BHI) & BJ Services (NYSE: BJS) to Equalweight from Underweight. BHI price target raised from $70 to $75. Price target on BJS is $32.

FBR Capital upgrades Anadarko Petroleum Corp. (NYSE: APC) to Outperform and raised their price target from $50 to $60. Click here for ...

UPGRADES:
Goldman Sachs upgraded Textron (NYSE: TXT) from Neutral to Buy and added the stock to their Conviction Buy List. The firm set a $23 price target, representing 48% upside.

Citi upgrades Cooper Industries (NYSE: CBE) from Hold to Buy. Price target increased from $37 to $40.

UBS upgrades Siemens AG (NYSE: SI) from Sell to Neutral.

RBC Capital upgrades VeriFone (NYSE: PAY) ...

Navarre (Nasdaq: NAVR) 45.6% HIGHER; reports Q4 GAAP EPS of $0.09, versus the analyst estimate of $0.00. Revenue for the quarter was $147.1 million, versus the consensus of $129.23 million. Sees FY10 sales of $550-$600 million, versus the consensus of $613.13 million.

Hiland Partners, LP (Nasdaq: HLND) 31.5% HIGHER; today announced that each of the Hiland companies has signed a separate definitive merger agreement with an affiliate of Harold Hamm, pursuant to which affiliates of Mr. Hamm have agreed to acquire for cash all of the outstanding common units of each of the Hiland companies that are not owned by Mr. Hamm, his affiliates or Hamm family trusts. In the mergers, Hiland Partners' unitholders will receive $7.75 in cash for each common unit they hold and Hiland Holdings' unitholders will receive $2.40 in cash for each common unit they hold.

Data Domain, Inc. (Nasdaq: DDUP) 18% HIGHER; EMC ...