Top Analyst Upgrades and Downgrades (ALU, BAC, BIIB, CSCO, C, DMND, GS, JPM, MPEL, PDLI, PCLN, SPWR)
These are some of the top analyst upgrades, downgrades, and initiations seen from Wall St. research firms this Thursday.
Alcatel-Lucent S.A. (NYSE: ALU) raised to Neutral from Sell at Credit Suisse.
Bank of America Corp. (NYSE: BAC) raised to Market Perform at JMP Securities.
Biogen Idec Inc. (NASDAQ: BIIB) cut to Neutral at Piper Jaffray.
Cisco Systems Inc. (NASDAQ: CSCO) raised to Outperform at RBC.
Citigroup Inc. (NYSE: C) raised to Market Perform at JMP Securities and raised to Buy at Stern Agee.
Diamond Foods Inc. (NASDAQ: DMND) named as Bear of the Day at Zacks.
Goldman Sachs Group Inc. (NYSE: GS) raised to Market Perform at JMP Securities.
J.P. Morgan Chase & Co. (NYSE: JPM) raised to Market Perform at JMP Securities and raised to Buy at Stern Agee.
Melco Crown Entertainment Ltd. (NASDAQ: MPEL) maintained Buy but raised to Conviction Buy List at Goldman Sachs.
PDL BioPharma Inc. (NASDAQ: PDLI) started as Neutral at Janney.
Priceline.com Inc. (NASDAQ: PCLN) raised to Buy at BofA/Merrill Lynch.
SunPower Corp. (NASDAQ: SPWR) raised to Buy at Lazard.
Here is how the DJIA will move up by more than 11% to 14,590 in 2013, and here is a list of the Five Most Undervalued DJIA Stocks for 2013.
Jefferies has made some changes to its Global Conviction List.
JON C. OGG
Filed under: 24/7 Wall St. Wire, Analyst Calls Tagged: ALU, BAC, BIIB, C, CSCO, DMND, GS, JPM, MPEL, PCLN, PDLI, SPWR