Top Analyst Upgrades & Downgrades (BP, BRCD, CSCO, DE, EMC, WIRE, INTC, JNPR, LRCX, NTAP, PAL, OMX, PETD, SPLS, STP, TER, UTI, VMED)

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

BP plc (NYSE: BP) Raised to Buy at BofA/ML.
Brocade Communications Systems, Inc. (NASDAQ: BRCD) Started as Buy with $8 target at Janney.
Cisco Systems, Inc. (NASDAQ: CSCO) Started as Neutral with $18 target at Janney.
Deere & Co. (NYSE: DE) Cut to Hold at Jefferies.
EMC Corporation (NYSE: EMC) STarted as Buy with $34 target at Janney.
Encore Wire Corporation (NASDAQ: WIRE) maintained Strong Buy as Value at Zacks.
Intel Corporation (NASDAQ: INTC) Cut to Sell at Goldman Sachs.
Juniper Networks, Inc. (NYSE: JNPR) Started as Buy with $48 target at Janney.
Lam Research Corporation (NASDAQ: LRCX) Raised to Buy at Goldman Sachs.
NeAtpp, Inc. (NASDAQ: NTAP) Started as Neutral at Janney.
North American Palladium Ltd. (AMEX: PAL) Raised to Neutral at BofA/ML.
OfficeMax Incorporated (NYSE: OMX) Cut to Perform at Oppenheimer.
Petroleum Development Corporation (NASDAQ: PETD) Raised to Outperform at Credit Suisse.
Staples, Inc. (NASDAQ: SPLS) Cut to Perform at Oppenheimer.
Suntech Power Holdings Co. Ltd. (NYSE: STP) Cut to Neutral at Collins Stewart.
Teradyne Inc. (NYSE: TER) Started as Buy at Citigroup.
Universal Tech Institute (NYSE: UTI) Maintained Underperform as Bear of the Day at Zacks.
Virgin Media, Inc. (NASDAQ: VMED) Raised to Outperform as Bull of the Day at Zacks.

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JON C. OGG