Top Analyst Upgrades and Downgrades (ADTN, ATI, AIG, BYD, CLF, G, HON, INTC, IBM, KMP, ONXX, P, RAX, RSG, SN, TIBX, TUP, UTX, PAY, WM, WWAV)

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Bull and Bear
Bull and Bear

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

ADTRAN Inc. (NASDAQ: ADTN) cut to Sell at Citigroup.

Allegheny Technologies Inc. (NYSE: ATI) named Bear of the Day at Zacks.

American International Group Inc. (NYSE: AIG) raised to Buy with $40 target at Argus.

Boyd Gaming Corp. (NYSE: BYD) started as Outperform with $7 target at Credit Suisse.

Cliffs Natural Resources Inc. (NYSE: CLF) cut to Sector Perform at RBC.

Genpact Ltd. (NYSE: G) started as Neutral at Goldman Sachs.

Honeywell International Inc. (NYSE: HON) started as Buy at Stifel Nicolaus.

Intel Corp. (NASDAQ: INTC) cut to Underperform at Raymond James.

International Business Machines Corp. (NYSE: IBM) reiterated Buy with $235 target at Argus.

Kinder Morgan Energy Partners L.P. (NYSE: KMP) maintained Outperform but cut estimates and target to $92 at Credit Suisse.

Onyx Pharmaceuticals Inc. (NASDAQ: ONXX) named as Bull of the Day at Zacks.

Pandora Media Inc. (NYSE: P) maintained Neutral but cut target to $10 from $13 at Credit Suisse.

Rackspace Hosting Inc. (NYSE: RAX) started as Overweight at J.P. Morgan.

Republic Services Inc. (NYSE: RSG) raised to Conviction Buy List at Goldman Sachs.

Sanchez Energy Corp. (NYSE: SN) started as Sector Perform at RBC.

TIBCO Software Inc. (NASDAQ: TIBX) cut to Neutral at BofA/ML.

Tupperware Brands Corp. (NYSE: TUP) raised to Buy with $72 target at Argus.

United Technologies Corp. (NYSE: UTX) started as Neutral at Goldman Sachs.

VeriFone Systems Inc. (NYSE: PAY) raised to Buy at UBS.

Waste Management Inc. (NYSE: WM) raised to Buy at Goldman Sachs.

WhiteWave Foods Co. (NYSE: WWAV) started as Buy at SunTrust Robinson Humphrey, started as Overweight at J.P. Morgan and started as Outperform at CLSA.

Want to see 2013 S&P 500 targets? Here are the price targets for up to more than 20% total market upside with projections from everyone.

Here is a gold pairing trade from Jefferies for 2013.

JON C. OGG


Filed under: 24/7 Wall St. Wire, Analyst Calls Tagged: ADTN, AIG, ATI, BYD, CLF, G, HON, IBM, INTC, KMP, ONXX, P, PAY, RAX, RSG, SN, TIBX, TUP, UTX, WM, WWAV

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