Top Analyst Upgrades and Downgrades (ARO, MO, ADM, ATML, CL, CVRR, DNDN, IGT, IP, NKE, LULU, LOW, LSI, OKS, SNDK, TEF, TPH, YUM, CQP, LNG)

Bull and Bear
Bull and Bear

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

Aeropostale Inc. (NYSE: ARO) named Bear of the Day as expensive even after shares are down 50% from last year at Zacks.

Altria Group Inc. (NYSE: MO) cut to Neutral at BofA/Merrill Lynch.

Archer Daniels Midland Co. (NYSE: ADM) cut to Market Perform at BMO.

Atmel Corp. (NASDAQ: ATML) cut to Market Perform at FBR.

Colgate-Palmolive Co. (NYSE: CL) cut to Neutral at BofA Merrill Lynch.

CVR Refining L.P. (NYSE: CVRR) started as Neutral at Credit Suisse, started as Buy at UBS, started as Neutral at Citigroup and started as Equal Weight at Barclays.

Dendreon Corp. (NASDAQ: DNDN) maintained Neutral but raised price target to $6 from $4 at Credit Suisse.

International Gaming (NYSE: IGT) named Bull of the Day at Zacks.

International Paper Co. (NYSE: IP) started as Buy at Jefferies.

Lowe's Companies Inc. (NYSE: LOW) maintained Buy with $44 price target at Argus.

LSI Corp. (NASDAQ: LSI) cut to Market Perform at FBR.

Lululemon Athletica Inc. (NASDAQ: LULU) started as Outperform at Cowen.

Nike Inc. (NYSE: NKE) started as Outperform at Cowen.

ONEOK Partners L.P. (NYSE: OKS) cut to Neutral at Credit Suisse.

SanDisk Corp. (NASDAQ: SNDK) raised to Outperform at RBC.

Telefonica S.A. (NYSE: TEF) raised to Market Perform at Bernstein.

TRI Pointe Homes Inc. (NYSE: TPH) was started yesterday by others but was initiated as Buy at Citigroup.

YUM! Brands Inc. (NYSE: YUM) reiterated Hold but lowered 2013 earnings estimates by 15% at Argus.

Credit Suisse on the Cheniere plays: Cheniere Energy Partners L.P. (NYSEMKT: CQP) maintained Outperform but raised target to $29 from $25; Cheniere Energy Inc. (NYSEMKT: LNG) reiterated Outperform and raised target to $33 from $25 with long-term value possibly $48 if all plans come to fruition.

BofA/Merrill Lynch has resumed coverage of the public exchanges in a post-NYSE world (full summary).

Read also: The Seven Safest Banks in America for 2013

Filed under: 24/7 Wall St. Wire, Analyst Calls Tagged: ADM, ARO, ATML, CL, CQP, CVRR, DNDN, IGT, IP, LNG, LOW, LSI, LULU, MO, NKE, OKS, SNDK, TEF, TPH, YUM