Top Analyst Upgrades and Downgrades (AMD, AMGN, AAPL, ARIA, AZN, BIIB, CELG, DELL, ERIC, FITB, INTC, IP, ITRI, PHG, LULU, NRG, PNRA, PNC, PGR, SNY, STX, S, WFC, RF)

Advanced Micro Devices Inc. (NYSE: AMD) raised to Neutral from Sell at Goldman Sachs.

Amgen Inc. (NASDAQ: AMGN) raised to Buy at UBS.

Apple Inc. (NASDAQ: AAPL) started as Buy at Monness Crespi Hardt.

Ariad Pharmaceuticals Inc. (NASDAQ: ARIA) raised to Buy at BofA/ML.

AstraZeneca PLC (NYSE: AZN) cut to Underperform at BofA/ML.

Biogen Idec Inc. (NASDAQ: BIIB) cut to Neutral at UBS.

Celgene Corp. (NASDAQ: CELG) cut to Neutral at UBS.

Dell Inc. (NASDAQ: DELL) started as Buy at Monness Crespi Hardt.

Ericsson (NASDAQ: ERIC) cut to Neutral at UBS.

Fifth Third Bancorp (NASDAQ: FITB) cut to Perform at Oppenheimer.

Intel Corp. (NASDAQ: INTC) maintained Outperform with $32 target but lowered sales and margin estimates at Credit Suisse.

International Paper Co. (NYSE: IP) cut to Hold at Deutsche Bank.

Itron Inc. (NASDAQ: ITRI) started as Buy at BofA/ML.

Koninklijke Philips Electronics N.V. (NYSE: PHG) cut to Neutral at Goldman Sachs.

Lululemon Athletica Inc. (NASDAQ: LULU) maintained Hold at Argus.

NRG Energy Inc. (NYSE: NRG) raised to Buy at Goldman Sachs.

Panera Bread Co. (NASDAQ: PNRA) named Bull of the Day at Zacks.

PNC Financial Corp. (NYSE: PNC) raised to Outperform at Oppenheimer.

Progressive Corp. (NYSE: PGR) named Bear of the Day at Zacks.

Sanofi (NYSE: SNY) raised to Buy at BofA/ML.

Seagate Technology PLC (NASDAQ: STX) cut to Hold at Argus.

Sprint Nextel Corp. (NYSE: S) raised to Buy at Nomura.

Goldman Sachs removed Wells Fargo & Co. (NYSE: WFC) from the Conviction Buy List but maintained a formal Buy rating on the bank. Wells Fargo was replaced by Regions Financial Corp. (NYSE: RF).

JON C. OGG