Top Analyst Upgrades and Downgrades (AAPL, BBD, BSBR, RATE, BSX, CNK, DECK, DELL, DUK, ELX, LULU, OXY, QLGC, RGC, RIMM, TEVA, VZ, WSM)

These are some of the top analyst upgrades, downgrades and initiations seen in Wall St. research calls this Monday.

Apple Inc. (NASDAQ: AAPL) reiterated Buy with $800 target and raised estimates at Canaccord Genuity.

Banco Bradesco S.A. (NYSE: BBD) raised to Neutral at Credit Suisse.

Banco Santander (Brasil) S.A. (NYSE: BSBR) cut to Underperform at Credit Suisse.

Bankrate Inc. (NYSE: RATE) cut to Hold at Canaccord Genuity.

Boston Scientific Corp. (NYSE: BSX) raised to Market Outperform at JMP Securities.

Cinemark Holdings Inc. (NYSE: CNK) cut to Neutral at J.P. Morgan.

Deckers Outdoor Corp. (NASDAQ: DECK) raised to Buy at Stern Agee.

Dell Inc. (NASDAQ: DELL) raised to Buy with $13 target at Goldman Sachs.

Duke Energy Corp. (NYSE: DUK) raised to Overweight at Barclays.

Emulex Corp. (NYSE: ELX) cut to Sell at Goldman Sachs.

lululemon athletica inc. (NASDAQ: LULU) started as Buy with $91 target at Canaccord Genuity.

Occidental Petroleum Corp. (NYSE: OXY) cut to Hold at Deutsche Bank.

Qlogic Corp. (NASDAQ: QLGC) cut to Sell at Goldman Sachs.

Regal Entertainment Group (NYSE: RGC) cut to Neutral at J.P. Morgan.

Research In Motion Ltd. (NASDAQ: RIMM) cut to Sell with $10 target at Canaccord Genuity.

Teva Pharmaceutical Industries Ltd. (NYSE: TEVA) cut to Neutral at UBS.

Verizon Communications Inc. (NYSE: VZ) raised to Buy at Nomura.

Williams-Sonoma Inc. (NYSE: WSM) raised to Overweight at Morgan Stanley.

JON C. OGG