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

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By Jon C. Ogg Updated Published
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Jon Ogg
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

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About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. a673b.bigscoots-temp.com.

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