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

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By Jon C. Ogg Updated Published
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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

Photo of Jon C. Ogg
About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. a673b.bigscoots-temp.com.

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