Top Analyst Upgrades and Downgrades (ADTN, AGCO, MTGE, APA, BRCM, CAT, DNR, DVN, HK, MCD, MU, EDU, PFE, QCOM, RIMM, SUP, UTX, UTHR)

ADTRAN Inc. (NASDAQ: ADTN) cut to Underperform at BofA/ML.

AGCO Corp. (NYSE: AGCO) named value stock of the day at Zacks.

American Capital Mortgage Investment (NASDAQ: MTGE) started as Market Outperform at JMP Securities.

Apache Corp. (NYSE: APA) maintained Hold but lowered estimates at Argus.

Broadcom Corp. (NASDAQ: BRCM) started as Buy at Brean Murray.

Caterpillar Inc. (NYSE: CAT) cut to Neutral at BofA/ML.

Denbury Resources Inc. (NYSE: DNR) started as Neutral at Credit Suisse.

Devon Energy Corp. (NYSE: DVN) started as Outperform at Credit Suisse.

Halcon Resources Corp. (NYSE: HK) started as Buy at Canaccord Genuity.

McDonald’s Corp. (NYSE: MCD) cut to Neutral at Janney.

Micron Technology Inc. (NASDAQ: MU) reiterated Buy with $10 target at Stern Agee.

New Oriental Education & Technology Group (NYSE: EDU) started as Outperform at Credit Suisse.

Pfizer Inc. (NYSE: PFE) started as Outperform at BMO.

Qualcomm Inc. (NASDAQ: QCOM) started as Buy at Brean Murray.

Research in Motion Ltd. (NASDAQ: RIMM) raised to Outperform at National Bank and maintained Neutral at Credit Suisse.

Superior Industries International Inc. (NYSE: SUP) named as Bear of the Day at Zacks.

United Technologies Corp. (NYSE: UTX) cut to Perform at Oppenheimer.

United Therapeutics Corp. (NASDAQ: UTHR) named as Bull of the Day at Zacks.

JON C. OGG