Top Analyst Upgrades & Downgrades (CELG, CPHD, EBAY, EOG, GRPN, HUN, LLTC, NOV, NE, NOK, RMBS, SRE, PAY, WPI)

Celgene Corporation (NASDAQ: CELG) Cut to Sector Perform at RBC.

Cepheid (NASDAQ: CPHD) Reiterated Outperform with $45 target at Credit Suisse.

eBay Inc. (NASDAQ: EBAY) Started as Outperform at KBW.

EOG Resources, Inc. (NYSE: EOG) Raised to Buy at UBS.

Groupon, Inc. (NASDAQ: GRPN) Raised to Overweight at Morgan Stanley.

Huntsman Corporation (NYSE: HUN) Cut to Hold at KeyBanc.

Linear Technology Corp. (NASDAQ: LLTC) Reiterated Outperform with $37 target at Credit Suisse.

National Oilwell Varco, Inc. (NYSE: NOV) Cut to Outperform at Raymond James.

Noble Corporation (NYSE: NE) Cut to Outperform at Raymond James.

Nokia Corporation (NYSE: NOK) Reiterated Hold at Argus and the note was called “Going from troubled to endangered?”

Rambus Inc. (NASDAQ: RMBS) Cut to Neutral at JPMorgan.

Sempra Energy (NYSE: SRE) Reiterated Hold and raised target to $76 at Argus.

VeriFone Systems, Inc (NYSE: PAY) Raised to Buy at UBS.

Watson Pharmaceuticals (NYSE: WPI) Reiterated Buy with $90 target at Canaccord Genuity.

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JON C. OGG