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