These are some of the top analyst upgrades, downgrades and initiations seen in Wall St. research calls this Monday.
Alcatel-Lucent S.A. (NYSE: ALU) maintained Underperform at BofA/ML and maintained Hold at Argus, but the latter may discontinue coverage if the stock dips under $1.
ARM Holdings PLC (NASDAQ: ARMH) reiterated Buy and raised price target to $41.50 at BofA/ML.
BB&T Corp. (NYSE: BBT) raised to Buy at BofA/ML.
Check Point Software Technologies Ltd. (NASDAQ: CHKP) added to US 1 List at BofA/ML.
Chesapeake Energy Corp. (NYSE: CHK) maintained Hold but cautious and warns of reinstating Sell rating at Argus.
Citigroup Inc. (NYSE: C) added to US 1 List at BofA/ML.
Comerica Inc. (NYSE: CMA) raised to Neutral at Citi.
Dendreon Corp. (NASDAQ: DNDN) started as Buy at Needham.
Diageo PLC (NYSE: DEO) maintained Buy and target raised 6% at BofA/ML.
Energy Transfer Partners L.P. (NYSE: ETP) raised to Buy at BofA/ML.
Garmin Ltd. (NASDAQ: GRMN) cut to Sell at Goldman Sachs.
Groupon Inc. (NASDAQ: GRPN) cut to Market Perform at William Blair.
Highwoods Properties Inc. (NYSE: HIW) raised to Buy at BofA/ML.
JCPenney Co. Inc. (NYSE: JCP) cut to Underperform at Credit Suisse.
Johnson & Johnson (NYSE: JNJ) cut to Hold at Jefferies.
Nelnet Inc. (NYSE: NNI) Raised to Outperform at Credit Suisse.
Petrobras (NYSE: PBR) cut to Neutral at BofA/ML.
Ryanair Holdings PLC (NASDAQ: RYAAY) cut to Neutral at Citi.
Sequenom Inc. (NASDAQ: SQNM) raised to Buy at Jefferies.
Sirius XM Radio Inc. (NASDAQ: SIRI) reiterated Buy and raised target to $4 at BofA/ML.
SL Green Realty Corp. (NYSE: SLG) raised to Buy at BofA/ML.
TripAdvisor Inc. (NASDAQ: TRIP) raised to Overweight at Morgan Stanley.
US Cellular Corp. (NYSE: USM) raised to Buy at Citi.
Vertex Pharmaceuticals Inc. (NASDAQ: VRTX) cut to Neutral at Credit Suisse.
Voronado Realty Trust (NYSE: VNO) cut to Neutral at BofA/ML.
The Walt Disney Co. (NYSE: DIS) raised to Buy at Citi.
JON C. OGG