Top Analyst Upgrades & Downgrades (ALTR, BAC, SAM, CHK, CRUS, ERJ, EZPW, GTE, XXIA, LL, MYGN, NXY, OKE, PAA, RVBD, SNDK, SYNM)

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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 in Wall Street research calls this Friday.

Altera Corporation (NASDAQ: ALTR) Cut to Neutral at Citigroup.

Bank of America Corporation (NYSE: BAC) Cut to Sell from Underperform at Credit Agricole.

Boston Beer Co. Inc. (NYSE: SAM) Started as Neutral at UBS.

Chesapeake Energy Corporation (NYSE: CHK) Cut to Market Perform at Wells Fargo; called “a stock to avoid on more ‘off balance sheet’ debt and ‘Founders Well’ issues” by Argus.

Cirrus Logic Inc. (NASDAQ: CRUS) Started as Buy at Stern Agee.

Embraer SA (NYSE: ERJ) Cut to Neutral at Goldman Sachs.

EZCORP, Inc. (NASDAQ: EZPW) Cut to Underperform at Stern Agee.

Gran Tierra Energy, Inc. (AMEX: GTE) Started as Outperform at Credit Suisse.

Ixia (NASDAQ: XXIA) Raised to Buy at Wunderlich.

Lumber Liquidators Holdings, Inc. (NYSE: LL) Cut to Neutral at Goldman Sachs.

Myriad Genetics Inc. (NASDAQ: MYGN) Raised to Outperform at Cowen.

Nexen Inc. (NYSE: NXY) Raised to Outperform at Credit Suisse.

ONEOK Inc. (NYSE: OKE) Raised to Buy at UBS.

Plains All American Pipeline, L.P. (NYSE: PAA) Started as Overweight at Barclays.

Riverbed Technology, Inc. (NASDAQ: RVBD) Cut to Neutral at JPMorgan; Cut to Perform at Oppenheimer; downgrades and price target and estimates have been cut at multiple boutique firms.

SanDisk Corporation (NASDAQ: SNDK) Cut to Hold at Deutsche Bank; downgraded or estimate and price targets cut at several other boutique firms.

Syntroleum Corporation (NASDAQ: SYNM) Started as Market Outperform with $1.80 price target at JMP Securities.

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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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