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)

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Bull and BearThese 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
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