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

Badger Meter Inc. (NYSE: BMI) raised to Outperform as Bull of the Day at Zacks.

Caribou Coffee Company Inc. (NASDAQ: CBOU) cut to Hold at Jefferies, cut to Equal Weight at Stephens and cut to Market Perform at William Blair.

Cliffs Natural Resources Inc. (NYSE: CLF) cut to Underperform as the Bear of the Day at Zacks.

Ctrip.com International Ltd. (NASDAQ: CTRP) raised to Outperform at Macquarie.

Duke Energy Corp. (NYSE: DUK) raised to Buy at Deutsche Bank.

FirstEnergy Corp. (NYSE: FE) cut to Hold at Deutsche Bank.

Goldman Sachs Group Inc. (NYSE: GS) raised to Positive at Susquehanna.

Hewlett-Packard Co. (NYSE: HPQ) cut to Sell with an $11.50 price target at Topeka Capital Markets.

Kansas City Southern (NYSE: KSU) cut to Market Perform at FBR.

Sirius XM Radio Inc. (NASDAQ: SIRI) started as Buy with $3.50 target at Goldman Sachs.

Tesla Motors Inc. (NASDAQ: TSLA) started as Neutral at J.P. Morgan.

Trimble Navigation Ltd. (NASDAQ: TRMB) cut to Neutral at Lazard.

Youku.com Tudou Inc. (NYSE: YOKU) raised to Outperform at Macquarie.

BofA/Merrill Lynch makes three changes to its US 1 List and J.P. Morgan sees big upside in hospital stocks. Here are some other outside (and internal) outlook pieces for the end of 2012 and 2013:

• Imagine this… Coal could be a top performer in 2013 after two really bad years.
• BofA’s 10 Defensive and Yield Stock Picks for 2013
• S&P 500 Upside Targets for 2013, from everyone
• Our own Alternative Energy and Cleantech Outlook for 2013

JON C. OGG

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