These are the top analyst calls of upgrades, downgrades, and initiations we have seen from Wall St. research calls this Tuesday morning.
AK Steel Holding Corp. (NYSE: AKS) cut to Sell at UBS.
Amphenol Corp. (NYSE: APH) cut to Neutral at BofA/ML.
ArcelorMittal (NYSE: MT) named as Bear of the Day at Zacks.
AutoNation Inc. (NYSE: AN) named as Bull of the Day at Zacks.
Chesapeake Energy Corp. (NYSE: CHK) maintained Hold at Argus.
GlaxoSmithKline (NYSE: GSK) cut to Neutral at UBS.
Globus Medical Inc. (NYSE: GMED) started as Buy at Goldman Sachs, started as Buy at Canaccord Genuity, started as Outperform at Oppenheimer and started as Buy at BofA/ML.
IAC/InterActiveCorp. (NASDAQ: IACI) reiterated Buy with $62 target at Canaccord Genuity.
Kenexa Corp. (NYSE: KNXA) cut to Neutral at Credit Suisse.
M&T Bank Corp. (NYSE: MTB) maintained Neutral but raised target to $102 from $96 at Credit Suisse.
Pharmacyclics Inc. (NASDAQ: PCYC) cut to Sector Perform at RBC.
VMware Inc. (NYSE: VMW) reiterated Buy with $120 price target at BofA/ML.
BofA/Merrill Lynch said that Nokia Corp. (NYSE: NOK) benefits from the Apple Inc. (NASDAQ: AAPL) litigation victory over Samsung are likely to be minor.
A firm named CLSA has started Ford Motor Co. (NYSE: F) with an Outperform rating and started General Motors Corp. (NYSE: GM) with an Underperform rating.
Argus has maintained a Buy rating on Dell Inc. (NASDAQ: DELL) with an $18 price target; Hewlett-Packard Co. (NYSE: HPQ) reiterated Buy but cut target to $25 from $30. The problem is that Argus calls Dell in a painful transition away from PCs and said difficulties persist at HP while a deep value story is there.
JON C. OGG
Filed under: 24/7 Wall St. Wire, Analyst Calls Tagged: AAPL, AKS, AN, APH, CHK, DELL, F, GM, GMED, GSK, HPQ, IACI, KNXA, MT, MTB, NOK, PCYC, VMW