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Top Analyst Upgrades & Downgrades (AA, ALKS, AMZN, AAPL, BHP, CENX, CLF, CRK, DNDN, DUK, EMC, FST, HAL, IBM, MSFT, PAL, SAP, SPLS, WM)

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

Alcoa Inc. (NYSE: AA) Cut to Underperform at BMO Capital Markets.

Alkermes, Plc (NASDAQ: ALKS) named Bull of the Day at Zacks.

Amazon.com Inc. (NASDAQ: AMZN) Started as Market Perform at BMO Capital Markets.

Apple Inc. (NASDAQ: AAPL) Started as Buy at UBS.

BHP Billiton (NYSE: BHP) Cut to Neutral at Credit Suisse.

Century Aluminum Company (NASDAQ: CENX) Cut to Neutral at Credit Suisse.

Cliffs Natural Resources (NYSE: CLF) Cut to Underperform at Credit Suisse.

Comstock Resources, Inc. (NYSE: CRK) Cut to Neutral at Credit Suisse.

Dendreon Corporation (NASDAQ: DNDN) Cut to Underperform with $6 target at BofA/ML.

Duke Energy Corporation (NYSE: DUK) Cut to Neutral at UBS.

EMC Corporation (NYSE: EMC) Started as Buy at UBS.

Forest Oil (NYSE: FST) Cut to Neutral at Credit Suisse.

Halliburton Co. (NYSE: HAL) Maintained Buy but cut target to $43 at Argus.

International Business Machines Corporation (NYSE: IBM) Started as Neutral at UBS.

Microsoft Corporation (NASDAQ: MSFT) Reiterated Buy with $39 target at Argus.

North American Palladium Ltd. (NYSEMKT: PAL) Cut to Neutral at Credit Suisse.

SAP AG (NYSE: SAP) Raised to Buy at ThinkEquity.

Staples, Inc. (NASDAQ: SPLS) Cut to Market Perform at Bernstein.

Waste Management, Inc. (NYSE: WM) Cut to Underweight at Morgan Stanley.

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JON C. OGG

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