Deutsche Bank is out with an upgrade of the most well known lithium battery maker here in the US.  A123 Systems (AONE) gets an upgrade from Hold to Buy and a $17 price target.  Hat tip to Street Insider for the following analyst comment:

“We believe that A123 Systems’ proprietary battery materials have broad applicability in a number of growing segments (including automotive, grid services, and consumer products), that the company’s recent steady cadence of customer announcements supports the steep revenue trajectory that we forecast, and that several near-term catalysts are possible.”

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Shares of AONE are trading up about 5% in pre-market trading and trying to find the bottom of a new base.