Top Analyst Upgrades and Downgrades (ATVI, ARNA, BCS, EAT, CIT, CLF, ESRX, MWW, NBR, NOK, NVO, OREX, PBY, GOLD, SWK, STI, VPRT, KEY)


These are some of the top analyst upgrades, downgrades and initiations seen from Wall St. research calls this Thursday.

Activision Blizzard Inc. (NASDAQ: ATVI) raised to Overweight at Piper Jaffray.

Arena Pharmaceuticals Inc. (NASDAQ: ARNA) started as Underperform at Credit Suisse.

Barclays PLC (NYSE: BCS) cut to Neutral at Credit Suisse.

Brinker International Inc. (NYSE: EAT) named Bull of the Day at Zacks.

CIT Group Inc. (NYSE: CIT) started as Perform at Oppenheimer.

Cliffs Natural Resources Inc. (NYSE: CLF) cut to Neutral at UBS.

Express Scripts Inc. (NASDAQ: ESRX) maintained Hold but raised 2012/2013 earnings estimates at Argus.

Monster Worldwide Inc. (NYSE: MWW) raised to Outperform from Neutral at Zacks.

Nabors Industries Ltd. (NYSE: NBR) named Bear of the Day at Zacks.

Nokia Corp. (NYSE: NOK) cut to Sell at Deutsche Bank; Cut to Sell at Soc-Gen; Cut to Sell at S&P Equity Research.

Novo Nordisk A/S (NYSE: NVO) raised to Neutral at Nomura.

Orexigen Therapeutics Inc. (NASDAQ: OREX) started as Outperform at Credit Suisse.

Pep Boys – Manny, Moe & Jack (NYSE: PBY) started as Neutral at Credit Suisse.

Randgold Resources Ltd. (NASDAQ: GOLD) raised to Overweight at JPMorgan, but shares were cut to Neutral at Nomura just the day before.

Stanley Black & Decker Inc. (NYSE: SWK) raised to Overweight at Morgan Stanley.

SunTrust Banks Inc. (NYSE: STI) raised to Overweight at JPMorgan.

Vistaprint N.V. (NASDAQ: VPRT) raised to Sell from Strong Sell at S&P Capital IQ … Is that just "less of a sell but still a sell" rating?

Credit Suisse gave a model portfolio trade alert called "go long" on KeyCorp (NYSE: KEY). It said, "We look for 3Q12 and 4Q12 EPS to beat market expectations, and believe investors will increase EPS estimates for '13/'14 in 2H12. We believe this will be driven by core efficiency ratio improvement in 2H12."


Filed under: 24/7 Wall St. Wire, Analyst Calls Tagged: ARNA, ATVI, BCS, CIT, CLF, EAT, ESRX, gold, KEY, MWW, NBR, NOK, NVO, OREX, PBY, STI, SWK, VPRT