These are some of the top analyst upgrades, downgrades and initiations seen from Wall St. research calls this Monday.
Advanced Micro Devices Inc. (NYSE: AMD) raised to Neutral from Sell at Goldman Sachs.
Amgen Inc. (NASDAQ: AMGN) raised to Buy at UBS.
Apple Inc. (NASDAQ: AAPL) started as Buy at Monness Crespi Hardt.
Ariad Pharmaceuticals Inc. (NASDAQ: ARIA) raised to Buy at BofA/ML.
AstraZeneca PLC (NYSE: AZN) cut to Underperform at BofA/ML.
Biogen Idec Inc. (NASDAQ: BIIB) cut to Neutral at UBS.
Celgene Corp. (NASDAQ: CELG) cut to Neutral at UBS.
Dell Inc. (NASDAQ: DELL) started as Buy at Monness Crespi Hardt.
Ericsson (NASDAQ: ERIC) cut to Neutral at UBS.
Fifth Third Bancorp (NASDAQ: FITB) cut to Perform at Oppenheimer.
Intel Corp. (NASDAQ: INTC) maintained Outperform with $32 target but lowered sales and margin estimates at Credit Suisse.
International Paper Co. (NYSE: IP) cut to Hold at Deutsche Bank.
Itron Inc. (NASDAQ: ITRI) started as Buy at BofA/ML.
Koninklijke Philips Electronics N.V. (NYSE: PHG) cut to Neutral at Goldman Sachs.
Lululemon Athletica Inc. (NASDAQ: LULU) maintained Hold at Argus.
NRG Energy Inc. (NYSE: NRG) raised to Buy at Goldman Sachs.
Panera Bread Co. (NASDAQ: PNRA) named Bull of the Day at Zacks.
PNC Financial Corp. (NYSE: PNC) raised to Outperform at Oppenheimer.
Progressive Corp. (NYSE: PGR) named Bear of the Day at Zacks.
Sanofi (NYSE: SNY) raised to Buy at BofA/ML.
Seagate Technology PLC (NASDAQ: STX) cut to Hold at Argus.
Sprint Nextel Corp. (NYSE: S) raised to Buy at Nomura.
Goldman Sachs removed Wells Fargo & Co. (NYSE: WFC) from the Conviction Buy List but maintained a formal Buy rating on the bank. Wells Fargo was replaced by Regions Financial Corp. (NYSE: RF).
JON C. OGG
Filed under: 24/7 Wall St. Wire, Analyst Calls Tagged: AAPL, AMD, AMGN, ARIA, AZN, BIIB, CELG, DELL, ERIC, FITB, INTC, IP, ITRI, LULU, NRG, PGR, PHG, PNC, PNRA, RF, S, SNY, STX, WFC