Top Analyst Upgrades & Downgrades (AKAM, ALXA, AAPL, CMA, DELL, DVN, EP, EMC, HPQ, IBM, LMT, NTAP, NVTL, SQNM)

These are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this Thursday morning.

Akamai Technologies Inc. (NASDAQ: AKAM) Raised to Buy at Stifel Nicolaus.
Alexza Pharmaceuticals Inc. (NASDAQ: ALXA) Raised to Outperform as Bull of the Day at Zacks Investment Research.
Apple Inc. (NASDAQ: AAPL) Started as Outperform with $500 target at Credit Suisse.
The Blackstone Group LP (NYSE: BX) reiterate Buy at BofA/ML.
Comerica Incorporated (NYSE: CMA) Raised to Outperform at BMO.
Dell Inc. (NASDAQ: DELL) Started as Underperform with $16 target at Credit Suisse.
Devon Energy Corporation (NYSE: DVN) Cut to Hold at Argus.
El Paso Electric Co. (NYSE: EP) Reiterated Buy at Argus.
EMC Corp. (NYSE: EMC) Started as Outperform with $34 target at Credit Suisse.
Hewlett-Packard Co. (NYSE: HPQ) Started as Outperform with $60 target at Credit Suisse.
International Business Machines (NYSE: IBM) Started as Neutral with $175 target at Credit Suisse.
Lockheed Martin Corporation (NYSE: LMT) Raised to Neutral at BofA/ML.
NetApp Inc. (NASDAQ: NTAP) Started as Neutral with $54 target at Credit Suisse.
Novatel Wireless Inc. (NASDAQ: NVTL) Reaffirmed as Underperform as Bear of the Day at Zacks Investment Research.
Sequenom Inc. (NASDAQ: SQNM) Started as Outperform at Oppenheimer.

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JON C. OGG