Top Analyst Upgrades & Downgrades (AMSF, AAPL, ARUN, BDX, BIIB, GLW, FST, JBL, MU, MMI, OXY, RIMM, SHLD, SPWRA, SRDX, SNCR)

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

Amerisafe, Inc. (NASDAQ: AMSF) Cut to Underperform as Bear of the Day at Zacks.
Apple Inc. (NASDAQ: AAPL) Maintained Outperform but cut target to $420 at Oppenheimer; Maintained Outperform; Zacks cautious on iPad3 launch.
Aruba Networks, Inc. (NASDAQ: ARUN) Started as Outperform at Morgan Keegan.
Becton Dickinson & Co. (NYSE: BDX) Reiterated Buy and Raised target to $96 at Argus.
Biogen Idec Inc. (NASDAQ: BIIB) Raised to Buy with $129 target at Deutsche Bank.
Corning Inc. (NYSE: GLW) Reiterated Buy and $26 target at Argus; Cut estimates at BofA/ML.
Forest Oil Corporation (NYSE: FST) Started as Outperform at Credit Suisse.
Jabil Circuit Inc. (NYSE: JBL) Cut to Strong Sell at S&P Equity Research (late-Monday).
Micron Technology, Inc. (NASDAQ: MU) Maintained Buy but cut estimates at BofA/ML.
Motorola Mobility (NYSE: MMI) Cut to Underperform at Credit Suisse.
Occidental Petroleum Corporation (NYSE: OXY) Started as Neutral at Credit Suisse.
Research in Motion Ltd. (NASDAQ: RIMM) Cut to Neutral at Credit Suisse.
Sears Holdings Corporation (NASDAQ: SHLD) rating cut to ‘B’ and outlook negative at Fitch.
SunPower Corporation (NASDAQ: SPWRA) Raised to Hold at Wunderlich.
SurModics, Inc. (NASDAQ: SRDX) Maintained Outperform as Bull of the Day at Zacks.
Synchronoss Technologies, Inc. (NASDAQ: SNCR) Added to Conviction Buy List at Goldman Sachs.
Wendy’s/Arby’s Group Inc. (NYSE: WEN) Raised to Hold at Argus.

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JON C. OGG