Top Analyst Upgrades & Downgrades (ALU, ALTR, AMZN, MT, BX, CLF, DFS, ENDP, KIRK, ERIC, M, MCD, NOK, POT, LEDS)

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

Alcatel-Lucent (NYSE: ALU) Raised to Overweight at Morgan Stanley.
Altera Corporation (NASDAQ: ALTR) Raised to Buy at Auriga.
Amazon.com Inc. (NASDAQ: AMZN) Maintained Hold at Argus.
ArcelorMittal (NYSE: MT) Raised to Hold at SocGen.
Blackstone Group LP (NYSE: BX) Reiterated Buy at BofA/ML.
Cliffs Natural Resources Inc. (NYSE: CLF) Started as Buy at BB&T.
Discover Financial Services (NYSE: DFS) named as Bull of the Day at Zacks.
Endo Pharmaceuticals Holdings Inc. (NASDAQ: ENDP) Reiterated Buy and raised target to $48 at BofA/ML.
Kirkland’s, Inc. (NASDAQ: KIRK) named as Bear of the Day at Zacks.
LM Ericsson (NASDAQ: ERIC) Raised to Equal-Weight at Morgan Stanley.
Macy’s, Inc. (NYSE: M) Reiterated as Outperform and Top Pick at Credit Suisse.
McDonald’s Corporation (NYSE: MCD) Maintained Buy with $88 target at Argus.
Nokia Corp. (NYSE: NOK) Cut to Underweight at Morgan Stanley.
Potash Corp. of Saskatchewan (NYSE: POT) Reiterated Outperform and raised target to $65 at CIBC.
SemiLEDs Corporation (NASDAQ: LEDS) Cut to Hold at Canaccord Genuity.

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JON C. OGG