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Top Analyst Upgrades & Downgrades (ADTN, AMCX, ADM, BBVA, BHP, CSIQ, CVX, DAL, FDO, FDX, HSH, JBLU, LXK, LDK, MRK, PG, RHT, LUV, SPWR, SVU, TSN, UAL, VLO, DIS)

Jon Ogg
These are some of the top analyst upgrades, downgrades and initiations seen in Wall Street research calls this Thursday. There are many reports this morning!

ADTRAN Inc. (NASDAQ: ADTN) Cut to Hold at Stifel Nicolaus.

AMC Networks (NASDAQ: AMCX) Raised to Overweight at Barclays.

Archer Daniels Midland (NYSE: ADM) Cut to Equal-Weight at Morgan Stanley.

Banco Bilbao Vizcaya Argentaria, S.A. (NYSE: BBVA) Cut to Neutral at Credit Suisse.

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

Canadian Solar (NASDAQ: CSIQ) Raised to Overweight at Piper Jaffray.

Chevron Corporation (NYSE: CVX) Raised to Neutral at JPMorgan.

Delta Air Lines Inc. (NYSE: DAL) Started as Sell at Goldman Sachs.

Family Dollar Stores Inc. (NYSE: FDO) Cut to Underperform at BofA/ML.

FedEx Corporation (NYSE: FDX) Started as Buy at Goldman Sachs.

Hillshire Brands (NYSE: HSH) Started as Outperform at Bernstein.

JetBlue Airways Corporation (NASDAQ: JBLU) Started as Neutral at Goldman Sachs.

Lexmark International (NYSE: LXK) Cut to Underweight at Barclays.

LDK Solar Co., Ltd. (NYSE: LDK) Cut to Underweight at Piuper Jaffray.

Merck & Co. (NYSE: MRK) Raised to Buy at Citigroup.

Procter & Gamble (NYSE: PG) named Bear of the Day at Zacks.

Red Hat, Inc. (NYSE: RHT) Cut to Perform at Oppenheimer.

Southwest Airlines Co. (NYSE: LUV) Started as Neutral at Goldman Sachs.

SunPower Corporation (NASDAQ: SPWR) Raised to Overweight at Piper Jaffray.

SUPERVALU Inc. (NYSE: SVU) Raised to Neutral from Sell at UBS; Cut to Neutral at JPMorgan.

Tyson Foods Inc. (NYSE: TSN) Cut to Underweight at Morgan Stanley.

United Continental Holdings, Inc. (NYSE: UAL) Started as Sell at Goldman Sachs.

Valero Energy Corporation (NYSE: VLO) Started as Outperform at Wells Fargo.

The Walt Disney Co. (NYSE: DIS) Raised to Outperform at Wells Fargo.

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JON C. OGG

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