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Top Analyst Upgrades and Downgrades (ADI, ABX, BRCM, DVA, FTNT, GRS, GM, GG, HNT, HMIN, NEM, POT, SVVS, SPWRA, STP, X, YGE)
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These are some of this Tuesday’s key analyst upgrades, downgrades, and initiations seen in Wall Street research calls.
Analog Devices Inc. (NYSE: ADI) Reiterated Buy but raised target to $46 at Gleacher & Co.
Barrick Gold Corporation (NYSE: ABX) Started as Overweight at HSBC.
Broadcom Corporation (NASDAQ: BRCM) Started as Buy at Gleacher & Co.
DaVita, Inc. (NYSE: DVA) Started as Neutral at Baird.
Fortinet Inc. (NASDAQ: FTNT) Started as Buy at Needham.
Gammon Gold, Inc. (NYSE: GRS) Raised to Buy at Canaccord Genuity.
General Motors Corporation (NYSE: GM) Started as Hold at S&P Equity research (Details of the late Monday call).
Goldcorp (NYSE: GG) Started as Neutral at HSBC.
Health Net Inc. (NYSE: HNT) Cut to Hold at Stifel Nicolaus.
Home Inns & Hotels Management Inc. (NASDAQ: HMIN) Started as Overweight at JPMorgan.
Newmont Mining Corporation (NYSE: NEM) Started as Overweight at HSBC.
Potash Corp. of Saskatchewan (NYSE: POT) Raised target to $155 at TD.
SAVVIS Inc. (NASDAQ: SVVS) Raised to Outperform at William Blair.
SunPower Corporation (NASDAQ: SPWRA) Maintained hold but cut target to $11 at Auriga.
Suntech Power Holdings Co. Ltd. (NYSE: STP) Maintained neutral but cut target to $8.50 at HSBC.
United States Steel Corp. (NYSE: X) Cut to Hold at S&P Equity Research (late yesterday call).
Yingli Green Energy Holding Co. Ltd. (NYSE: YGE) Maintained underweight and cut target to $8.10 at HSBC.
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JON C. OGG
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