Top Analyst Upgrades and Downgrades (ALU, NLY, ARMH, BIIB, BX, COF, CS, DFS, IGT, NUAN, KORS, RVBD, VOD, DIS)

These are some of this Friday's top analyst upgrades, downgrades and initiations seen from Wall St. research calls.

Alcatel-Lucent S.A. (NYSE: ALU) raised to Overweight at Morgan Stanley and reiterated Hold at Argus.

Annaly Capital Management Inc. (NYSE: NLY) raised to Neutral from Underperform at Stern Agee.

ARM Holdings PLC (NASDAQ: ARMH) had seen a major downgrade wave but now shares have been raised to Outperform at Credit Suisse.

Biogen Idec Inc. (NASDAQ: BIIB) raised to Buy with $167 price target at Citigroup and reiterated Outperform and raised target to $185 from $175 at Credit Suisse.

Blackstone Group L.P. (NYSE: BX) reiterated Buy and raised target price to $22 from $18 at Argus.

Capital One Financial Corp. (NYSE: COF) named Bear of the Day on concerns about what is in its portfolio at Zacks.

Credit Suisse Group (NYSE: CS) cut to Hold at Deutsche Bank.

Discover Financial Services (NYSE: DFS) raised to Outperform and raised target price to $47 from $44 at Credit Suisse.

International Game Technology (NYSE: IGT) raised to Buy with $20 target at Argus.

Nuance Communications Inc. (NASDAQ: NUAN) cut to Hold at Needham.

Michael Kors Holdings Ltd. (NYSE: KORS) named Bull of the Day as the high-end and "accessible" luxury demand fashion this designer's growth around the world at Zacks.

Riverbed Technology Inc. (NASDAQ: RVBD) cut to Hold at Cantor Fitzgerald and cut to Market Perform at FBR Capital Markets.

Vodafone Group PLC (NASDAQ: VOD) raised to Buy at BofA/Merrill Lynch.

Walt Disney Co. (NYSE: DIS) reiterated Buy and raised target by $5 to $65 at Argus.

Filed under: 24/7 Wall St. Wire, Analyst Calls Tagged: ALU, ARMH, BIIB, BX, COF, CS, DFS, DIS, IGT, KORS, NLY, NUAN, RVBD, VOD