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Top Analyst Upgrades and Downgrades (ANF, AGN, AEO, ABC, AAPL, COH, GPS, INTC, MHR, MSFT, MRVL, NKE, RHT, SEE, TJX, TROW, URBN, STX, CSCO, EXC, XOM, HON, STI, OXY)

Jon Ogg
These are some of the top analyst upgrades, downgrades and initiations seen from Wall St. research calls this Thursday.

Abercrombie & Fitch Co. (NYSE: ANF) started as Sell at Citigroup.

Allergan Inc. (NYSE: AGN) reiterated Buy and $104 target at Argus.

American Eagle Outfitters Inc. (NYSE: AEO) started as Buy at Citigroup.

AmerisourceBergen Corp. (NYSE: ABC) reiterated Buy with $50 target at Argus.

Apple Inc. (NASDAQ: AAPL) reiterated Buy and raised target to $810 at Goldman Sachs, reiterated Buy and raised target to $775 at Argus, reiterated Outperform at Credit Suisse and maintained Buy with $750 target at Needham.

Coach Inc. (NYSE: COH) started as Neutral at Citigroup.

Gap Inc. (NYSE: GPS) started as Neutral at Citigroup.

Intel Corp. (NASDAQ: INTC) maintained Hold with $29 target at Jefferies.

Magnum Hunter Resources Corp. (NYSE: MHR) started as Outperform at Credit Suisse.

Microsoft Corp. (NASDAQ: MSFT) started as Hold at Jefferies.

Marvell Technology Group Ltd. (NASDAQ: MRVL) cut to Neutral at Citigroup.

Nike Inc. (NYSE: NKE) cut to Neutral at Citigroup.

Red Hat Inc. (NYSE: RHT) started as Buy at Jefferies.

Sealed Air Corp. (NYSE: SEE) named Bear of the Day at Zacks.

TJX Cos. (NYSE: TJX) started as Buy at Citigroup.

T. Rowe Price Group Inc. (NASDAQ: TROW) cut to Neutral at Credit Suisse.

Urban Outfitters Inc. (NASDAQ: URBN) started as Neutral at Citigroup.

Argus Model Portfolio changes: selling Seagate Technologies PLC (NASDAQ: STX) and adding Cisco Systems Inc. (NASDAQ: CSCO), adding to positions in Exelon Corp. (NYSE: EXC) and selling Exxon Mobil Corp. (NYSE: XOM), selling Honeywell International Inc. (NYSE: HON) and taking new positions in SunTrust Banks Inc. (NYSE: STI) and Occidental Petroleum (NYSE: OXY).

Analysts do not like this BAE/EADS proposed aerospace and defense merger overseas.

JON C. OGG

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