Axsys Technologies (AXYS: sentiment, chart, options) is enjoying a little love from Wall Street this morning. Morgan Joseph upgraded the shares from "hold" to "buy." This upgrade follows one the shares received on Dec. 23 from Morgan Keegan, which moved the security from "market perform" to "outperform."

Overall, Wall Street sentiment is somewhat split on the shares. The stock has earned 3 "strong buys," 3 "holds," and 1 "strong sell," according to Zacks. This configuration leaves ample room for additional upgrades to boost the equity.

Meanwhile, there is at least 1 sign that expectations are high for the shares. The average 12-month price target for AXYS stands at $71, according to Thomson Financial. This estimate implies that analysts are expecting the shares to rally roughly 52% during the next 12 months.

Technically speaking, the stock has fallen below its 10-month trendline and is poised to close its first month below this long-term moving average since March 2007. However, the equity is still resting on a year-to-date gain of more than 27%. Recently, the security has drifted lower under its 10-day trendline since Dec. 9, and is currently testing support in the 45 region.