Top Analyst Upgrades and Downgrades (BPL, IDTI, LAD, MPC, PMTI, ALL, ARR, ACI, OFC, ISRG, COV, HMSY, JAKK, JMI, LOCK, LXFR, PCS, URI, WIT, YZC)

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By Jon C. Ogg Published
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The top analyst upgrades, downgrades and initiations seen in Wall St. research calls are very thin this Tuesday as this is the second day that U.S. markets are closed today due to exchange and personnel issues around the hurricane.

Buckeye Partners L.P. (NYSE: BPL) cut to Neutral and named Bear of the Day at Zacks.

Integrated Device Technology Inc. (NASDAQ: IDTI) maintained Buy but cut target to $6.50 at Canaccord Genuity.

Lithia Motors Inc. (NYSE: LAD) named as Value Stock of the Day at Zacks.

Marathon Petroleum Corp. (NYSE: MPC) maintained Outperform but named as Bull of the Day at Zacks.

Palomar Medical Technologies Inc. (NASDAQ: PMTI) maintained Buy with $13.50 target.

The calls from Monday were as follows:

Allstate Corp. (NYSE: ALL) named Bull of the Day at Zacks.

Arch Coal Inc. (NYSE: ACI) cut to Sell at CRT Capital.

Armour Residential REIT (NYSE: ARR) started as Outperform with $7.50 target at Credit Suisse.

Corporate Office Properties Trust (NYSE: OFC) raised to Outperform at BMO Capital Markets.

Intuitive Surgical Inc. (NASDAQ: ISRG) added to US 1 Focus List at BofA/ML; Covidien PLC (NYSE: COV) and HMS Holdings Corp. (NASDAQ: HMSY) were being removed from the BofA/ML Focus 1 List.

JAKKS Pacific Inc. (NASDAQ: JAKK) maintained Underperform and named Bear of the Day at Zacks.

Javelin Mortgage Investment Corp. (NYSE: JMI) started as Neutral at Credit Suisse.

LifeLock Inc. (NYSE: LOCK) started as Buy at Needham, started as Buy at Deutsche Bank and started as Buy at Goldman Sachs.

Luxfer Holdings PLC (NYSE: LXFR) started as Outperform with $13 target at Credit Suisse.

MetroPCS Communications Inc. (NYSE: PCS) cut to Hold at Deutsche Bank.

United Rentals Inc. (NYSE: URI) named value stock of the day at Zacks.

Wipro Ltd. (NYSE: WIT) raised to Outperform at Credit Suisse.

Yanzhou Coal Mining Co. Ltd. (NYSE: YZC) cut to Underweight at HSBC.

HTC is not U.S.-traded on liquid markets but this hit a multiyear low and it was downgraded by both Macquarie and Daiwa in overseas coverage.

JON C. OGG

Photo of Jon C. Ogg
About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. a673b.bigscoots-temp.com.

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