Top Analyst Upgrades and Downgrades (BRCM, CAVM, CVX, CONN, CPA, ERIC, GOOG, HSY, IP, MPEL, MRK, RIMM, STJ, UTI, VOD, WMT, YHOO, DB, CS)
These are this Monday's top analyst upgrades, downgrades and initiations seen from Wall St. research calls.
Broadcom Corp. (NASDAQ: BRCM) reiterated Buy with $46 target at Argus.
Cavium Inc. (NASDAQ: CAVM) reiterated Buy with $42 price target at Argus.
Chevron Corp. (NYSE: CVX) cut to Neutral at UBS.
Conn's Inc. (NASDAQ: CONN) named Bull of the Day at Zacks.
Copa Holdings S.A. (NYSE: CPA) started as Outperform at Credit Suisse.
Ericsson (NASDAQ: ERIC) raised to Conviction Buy List from Neutral at Goldman Sachs.
Google Inc. (NASDAQ: GOOG) cut to Market Perform at BMO.
Hershey Co. (NYSE: HSY) removed from Conviction Buy List and cut to Neutral at Goldman Sachs.
International Paper Co. (NYSE: IP) reiterated Buy and raised target to $48 from $42 at Argus.
Melco Crown Entertainment Ltd. (NASDAQ: MPEL) raised to Hold at Jefferies.
Merck & Co. (NYSE: MRK) cut to Underweight from Equal Weight at Morgan Stanley.
Research In Motion Ltd. (NASDAQ: RIMM), soon to be BlackBerry (NASDAQ: BBRY), raised to Buy with $22 price target at Bernstein.
St. Jude Medical Inc. (NYSE: STJ) raised to Outperform with $48 target at Credit Suisse.
Universal Technical Institute Inc. (NYSE: UTI) named Bear of the Day at Zacks.
Vodafone Group PLC (NASDAQ: VOD) cut to Neutral at Citigroup.
Wal-Mart Stores Inc. (NYSE: WMT) cut to Neutral at J.P. Morgan.
Yahoo! Inc. (NASDAQ: YHOO) raised to Buy at Stifel Nicolaus.
Canaccord Genuity is mixed on European banks: started coverage as Buy on Deutsche Bank (NYSE: DB) and started coverage as Hold on Credit Suisse Group (NYSE: CS).
If you want to know how capital inflows are impacting stocks, you better take a look. This is acting to drive stocks and is one part of why we are considering raising our 2013 DJIA target from 14,590.
Filed under: 24/7 Wall St. Wire, Analyst Calls Tagged: BRCM, CAVM, CONN, CPA, CS, CVX, DB, ERIC, GOOG, HSY, IP, MPEL, MRK, RIMM, STJ, UTI, VOD, WMT, YHOO