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Top Analyst Upgrades and Downgrades (ADBE, AMD, AMZN, AXP, STD, FDX, MMYT, NWS.A, NOK, TWX, UPS, VVUS)
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These are some of this Wednesday’s top analyst upgrades, downgrades, and initiations seen in Wall Street research notes:
Adobe Systems, Inc. (NASDAQ: ADBE) Cut to Neutral at Robert W. Baird; Cut to Market Perform at FBR.
Advanced Micro Devices Inc. (NYSE: AMD) Maintained Buy but lowered target to $12 from $16 at Gleacher.
Amazon.com Inc. (NASDAQ: AMZN) Cut to Hold at S&P Equity Research (late Tuesday).
American Express (NYSE: AXP) Started as Positive at Susquehanna.
Banco Santander SA (NYSE: STD) Cut to Neutral at Credit Suisse.
FedEx Corporation (NYSE: FDX) Started as Buy at Stern Agee.
MakeMyTrip Ltd. (NASDAQ: MMYT) Started as Equal-Weight at Morgan Stanley.
News Corp. (NASDAQ: NWS.A) Started as Hold at Jefferies.
Nokia Corp. (NYSE: NOK) Cut to Underperform at Morgan Keegan.
Time Warner Inc. (NYSE: TWX) Started as Buy at Jefferies.
United Parcel Service, Inc. (NYSE: UPS) Started as Buy at Stern Agee.
VIVUS Inc. (NASDAQ: VVUS) Raised to Buy at Canaccord.
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