Top Analyst Upgrades and Downgrades (ALU, BAC, BIIB, CSCO, C, DMND, GS, JPM, MPEL, PDLI, PCLN, SPWR)

Alcatel-Lucent S.A. (NYSE: ALU) raised to Neutral from Sell at Credit Suisse.

Bank of America Corp. (NYSE: BAC) raised to Market Perform at JMP Securities.

Biogen Idec Inc. (NASDAQ: BIIB) cut to Neutral at Piper Jaffray.

Cisco Systems Inc. (NASDAQ: CSCO) raised to Outperform at RBC.

Citigroup Inc. (NYSE: C) raised to Market Perform at JMP Securities and raised to Buy at Stern Agee.

Diamond Foods Inc. (NASDAQ: DMND) named as Bear of the Day at Zacks.

Goldman Sachs Group Inc. (NYSE: GS) raised to Market Perform at JMP Securities.

J.P. Morgan Chase & Co. (NYSE: JPM) raised to Market Perform at JMP Securities and raised to Buy at Stern Agee.

Melco Crown Entertainment Ltd. (NASDAQ: MPEL) maintained Buy but raised to Conviction Buy List at Goldman Sachs.

PDL BioPharma Inc. (NASDAQ: PDLI) started as Neutral at Janney.

Priceline.com Inc. (NASDAQ: PCLN) raised to Buy at BofA/Merrill Lynch.

SunPower Corp. (NASDAQ: SPWR) raised to Buy at Lazard.

Here is how the DJIA will move up by more than 11% to 14,590 in 2013, and here is a list of the Five Most Undervalued DJIA Stocks for 2013.

Jefferies has made some changes to its Global Conviction List.

JON C. OGG