Top Analyst Upgrades & Downgrades (APA, BRCM, BG, CIEN, HD, LOW, MEE, PETS, PWER, DGX, SAP, SBUX, RDS-A)

These are some of this Monday’s top analyst calls with upgrades, downgrades, and initiations seen from Wall Street research firms.

Apache Corp. (NYSE: APA) Removed from Goldman Sachs Conviction Buy List.
Broadcom Corporation (NASDAQ: BRCM) Reiterated Buy with $55 target at Gleacher & Co.
Bunge Ltd. (NYSE: BG) Cut to Market Perform at BMO.
Ciena Corporation (NASDAQ: CIEN) Cut to Sell at UBS.
The Home Depot, Inc. (NYSE: HD) Raised to Buy at Goldman Sachs.
Lowe’s Companies Inc. (NYSE: LOW) Cut to Neutral at Goldman Sachs.
Massey Energy Co. (NYSE: MEE) Cut to Hold at Brean Murray.
PetMed Express Inc. (NASDAQ: PETS) Reiterated Underperform as Bear of the Day at Zacks Investment Research.
Power-One Inc. (NASDAQ: PWER) reiterated BUY with $14 target at Auriga.
Quest Diagnostics Inc. (NYSE: DGX) Raised to Equal-weight at Morgan Stanley.
SAP AG (NYSE: SAP) Raised to Buy at Goldman Sachs.
Starbucks Corporation (NASDAQ: SBUX) Reiterated Buy with $39 target at Argus.
Royal Dutch Shell (NYSE: RDS-A) Raised to Outperform at Credit Suisse; Raised to Outperform and called the Bull of the Day at Zacks Investment Research.

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JON C. OGG