Top Analyst Upgrades and Downgrades (ADTN, ED, EBAY, ENB, EXXI, GPS, JCP, LAZ, PCS, NUVA, RKT, SBAC, S, TWX)

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

ADTRAN Inc. (NASDAQ: ADTN) cut to Neutral at UBS.

Consolidated Edison Inc. (NYSE: ED) raised to Buy at Argus.

eBay Inc. (NASDAQ: EBAY) raised to Buy at Nomura.

Enbridge Inc. (NYSE: ENB) raised to Outperform at BMO Capital Markets.

Energy XXI Ltd. (NASDAQ: EXXI) started as Buy at Canaccord Genuity.

Gap Inc. (NYSE: GPS) named Bull of the Day at Zacks.

JCPenney Co. Inc. (NYSE: JCP) named Bear of the Day at Zacks.

Lazard Ltd. (NYSE: LAZ) cut to Market Perform at JMP Securities.

MetroPCS Communications Inc. (NYSE: PCS) cut to Reduce at Nomura.

NuVasive Inc. (NASDAQ: NUVA) cut to Market Perform at JMP Securities, cut to Market Perform at Wells Fargo and cut to Underperform at BMO Capital Markets.

Rock-Tenn Co. (NYSE: RKT) named value stock of the day at Zacks.

SBA Communications Corp. (NASDAQ: SBAC) raised to Buy at Citigroup.

Sprint Nextel Corp. (NYSE: S) cut to underperform at R.W. Baird.

Time Warned Inc. (NYSE: TWX) cut to Hold at Argus.

JON C. OGG

Filed under: 24/7 Wall St. Wire, Analyst Calls Tagged: ADTN, EBAY, ED, ENB, EXXI, GPS, JCP, LAZ, NUVA, PCS, RKT, S, SBAC, TWX