Top Analyst Upgrades and Downgrades (ANF, BP, BRCM, CX, COST, EMC, FR, FO, RAX, RFMD, TQNT)

Bonds may be closed in observance of Columbus Day, but stocks are open for trading and there are analyst calls to watch.  These are some of this Monday’s key analyst upgrades, downgrades, and initiations seen in Wall Street research calls.

Abercrombie & Fitch Co. (NYSE: ANF) Raised to Buy with $52 Target at Argus.
BP plc (NYSE: BP) Cut to Hold at RBS.
Broadcom Corporation (NASDAQ: BRCM) Added to Conviction Buy List at Goldman Sachs.
CEMEX, S.A.B. de C.V. (NYSE: CX) Cut to Hold at Deutsche Bank.
Costco Wholesale Corporation (NASDAQ: COST) Cut to Market Perform at BMO.
EMC Corp. (NYSE: EMC) Raised to Buy and $25 target at Deutsche Bank.
First Industrial Realty Trust (NYSE: FR) Started as Underweight at JPMorgan.
Fortune Brands, Inc. (NYSE: FO) Cut to Neutral at Baird.
Rackspace Hosting, Inc (NYSE: RAX) Maintained Outperform and target raised to $26 at Oppenheimer.
RF Micro Devices Inc. (NASDAQ: RFMD) Cut to Hold at Needham.
Triquint Semiconductor, Inc. (NASDAQ: TQNT)  Cut to Hold at Needham.

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JON C. OGG