Top Analyst Upgrades and Downgrades (BBY, CPN, COH, GENZ, MOT, NKE, PALM, QCOM, RIMM, THQI, URBN)

These are this Friday’s top research calls seen in upgrades, downgrades, and initiations from Wall Street analysts:

Best Buy Co. (NYSE: BBY) Cut to Underperform from Market Perform at FBR.
Calpine Corp. (NYSE: CPN) Raised to Buy at Argus Research.
Coach Inc. (NYSE: COH) Raised to Overweight from Neutral at JPMorgan.
Genzyme Corporation (NASDAQ: GENZ) Raised to Outperform at Leerink Swann.
Motorola Inc. (NYSE: MOT) Started as Underweight at JPMorgan.
Nike Inc. (NYSE: NKE) Raised to Overweight at HSBC.
Palm, Inc. (NASDAQ: PALM) Raised to Market Perform from Underperform at BMO Capital.
QUALCOMM Inc. (NASDAQ: QCOM) Started as Overweight at JPMorgan.
Research-in-Motion Ltd. (NASDAQ: RIMM) Raised to Overweight at JPMorgan.
THQ Inc. (NASDAQ: THQI) Raised to Outperform at Cowen & Co.
Urban Outfitters Inc. (NASDAQ: URBN) Raised to Overweight from Neutral at JPMorgan.

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JON C. OGG