Top Analyst Upgrades and Downgrades (BK, CPHD, C, DOLE, FITB, FSLR, FSL, ILMN, JNJ, JPM, LULU, MSFT, SKT, TXT, UA, URBN, USB, WFC)

Bull and Bear
Bull and Bear

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

Bank of New York Mellon Corp. (NYSE: BK) cut to Neutral at Citigroup.

Cepheid Inc. (NASDAQ: CPHD) cut to Neutral at Piper Jaffray.

Citigroup Inc. (NYSE: C) raised to Conviction Buy List with $49 target at Goldman Sachs.

Dole Food Co. Inc. (NYSE: DOLE) cut to Underperform at BofA/Merrill Lynch.

Fifth Third Bancorp (NASDAQ: FITB) cut to Outperform at Raymond James.

First Solar Inc. (NASDAQ: FSLR) cut to Underperform at Raymond James.

Freescale Semiconductor Inc. (NYSE: FSL) cut to Neutral at J.P. Morgan.

Illumina Inc. (NASDAQ: ILMN) raised to Overweight at Piper Jaffray; cut to Neutral at Wedbush.

Johnson & Johnson (NYSE: JNJ) raised to Buy at Deutsche Bank.

J.P. Morgan Chase & Co. (NYSE: JPM) maintained Buy but removed from Conviction Buy List at Goldman Sachs.

Lululemon Athletica Inc. (NASDAQ: LULU) cut to Neutral at Credit Suisse.

Microsoft Corp. (NASDAQ: MSFT) cut to Hold at Argus, although this is still one of the DJIA with the most projected upside in 2013 by analysts.

Tanger Factory Outlet Centers Inc. (NYSE: SKT) cut to Sell at Goldman Sachs.

Textron Inc. (NYSE: TXT) raised to Outperform with $59 target at Credit Suisse.

Under Armour Inc. (NYSE: UA) raised to Outperform at Credit Suisse.

Urban Outfitters Inc. (NASDAQ: URBN) raised to Outperform at Credit Suisse.

U.S. Bancorp (NYSE: USB) raised to Buy at Deutsche Bank.

Wells Fargo & Co. (NYSE: WFC) cut to Neutral at Goldman Sachs.

Here are 12 stocks expected to rise 50% to 100% (or more) in 2013.

Filed under: 24/7 Wall St. Wire, Analyst Calls Tagged: BK, C, CPHD, DOLE, FITB, FSL, FSLR, ILMN, JNJ, JPM, LULU, MSFT, SKT, TXT, UA, URBN, USB, WFC