Top Analyst Upgrades & Downgrades (AKS, ARMH, CMG, C, GILD, GS, KFT, MPEL, PVA, RIMM, SMP, X)

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

AK Steel Holding Corporation (NYSE: AKS) Raised to Buy at Deutsche Bank.
ARM Holdings plc (NASDAQ: ARMH) Cut to Equal-Weight at Morgan Stanley.
Chipotle Mexican Grill Inc. (NYSE: CMG) Reiterated Buy and raised target to $350 at Argus.
Citigroup, Inc. (NYSE: C) Raised to Buy with $53 target at BofA/ML.
Gilead Sciences Inc. (NASDAQ: GILD) Raised to Overweight at Piper Jaffray.
Goldman Sachs Group. Inc. (NYSE: GS) Maintained Outperform but cut target to $170 at Credit Suisse.
Kraft Foods Inc. (NYSE: KFT) Raised to Buy with $40 target at Argus.
Melco Crown Entertainment Ltd. (NASDAQ: MPEL) Started as Outperform at Macquarie.
Penn Virginia Corp. (NYSE: PVA) Cut to Neutral at Credit Suisse.
Research In Motion Ltd. (NASDAQ: RIMM) Maintained Underperform as Bear of the Day at Zacks.
Standard Motor Products (NYSE: SMP) Maintained Outperform as Bull of the Day at Zacks.
United States Steel Corporation (NYSE: X) Raised to Buy at Deutsche Bank.

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JON C. OGG