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The following is a list of stocks that have recently been upgraded by research analysts. In addition, all of these stocks have seen significant institutional buying over the last three months.

Wall Street analysts are turning bullish on these names, and the smart money is buying - what do you think of these ideas? Full details below.

Analyst rating changes sourced from RTT News, institutional data sourced from Reuters.

Interactive Chart: Press Play to see how aggregate analyst ratings have changed over the past two years for all the stocks mentioned below.

The list has been sorted by change in institutional ownership over the past three months.

1. PG & E Corp. (NYSE:PCG): Diversified Utilities Industry. Market cap of $18.77B. Deutsche Bank upgraded the stock from Hold to Buy on 10/05. Institutional investors currently own 56,882 shares vs. 45,930 shares held 3 months ago (23.84% change). Short float at 1.28%, which implies a short ratio of 1.36 days. The stock has gained 20.55% over the last year.

2. J. C. Penney Company, Inc. (NYSE:JCP): Department Stores Industry. Market cap of $7.83B. FBR Capital Markets upgraded the stock from Underperform to Market Perform on 10/11. Institutional investors currently own 297,641,621 shares vs. 241,437,300 shares held 3 months ago (23.28% change). Short float at 11.9%, which implies a short ratio of 3.32 days. The stock has gained 11.85% over the last year.

3. Chico's FAS Inc. (NYSE:CHS): Apparel Stores Industry. Market cap of $1.96B. KeyBanc Capital Markets upgraded the stock from Hold to Buy on 10/15. Institutional investors currently own 168,144,628 shares vs. 162,526,979 shares held 3 months ago (3.46% change). Short float at 8.23%, which implies a short ratio of 3.2 days. The stock has lost -11.35% over the last year.

4. Las Vegas Sands Corp. (NYSE:LVS): Resorts & Casinos Industry. Market cap of $34.89B. KeyBanc Capital Markets upgraded the stock from Underweight to Hold on 09/28. Institutional investors currently own 242,813,054 shares vs. 234,941,915 shares held 3 months ago (3.35% change). Short float at 14.31%, which implies a short ratio of 1.42 days. The stock has gained 243.97% over the last year.

5. Comerica Incorporated (NYSE:CMA): Regional Banks Industry. Market cap of $6.85B. Deutsche Bank upgraded the stock from Hold to Buy on 10/06. Institutional investors currently own 155,785,965 shares vs. 151,279,132 shares held 3 months ago (2.98% change). Short float at 7.14%, which implies a short ratio of 4.27 days. The stock has gained 41.63% over the last year.

Disclosure: No positions

Source: 5 Recently Upgraded Stocks Being Chased by Smart Money