These are some of the top analyst upgrades, downgrades and initiations seen from Wall St. research firms this Friday.

Bank of New York Mellon Corp. (NYSE: BK) cut to Neutral at Citigroup.

Cepheid Inc. (NASDAQ: CPHD) cut to Neutral at Piper Jaffray.

Citigroup Inc. (NYSE: C) raised to Conviction Buy List with $49 target at Goldman Sachs.

Dole Food Co. Inc. (NYSE: DOLE) cut to Underperform at BofA/Merrill Lynch.

Fifth Third Bancorp (NASDAQ: FITB) cut to Outperform at Raymond James.

First Solar Inc. (NASDAQ: FSLR) cut to Underperform at Raymond James.

Freescale Semiconductor Inc. (NYSE: FSL) cut to Neutral at J.P. Morgan.

Illumina Inc. (NASDAQ: ILMN) raised to Overweight at Piper Jaffray; cut to Neutral at Wedbush.

Johnson & Johnson (NYSE: JNJ) raised to Buy at Deutsche Bank.

J.P. Morgan Chase & Co. (NYSE: JPM) maintained Buy but removed from Conviction Buy List at Goldman Sachs.

Lululemon Athletica Inc. (NASDAQ: LULU) cut to Neutral at Credit Suisse.

Microsoft Corp. (NASDAQ: MSFT) cut to Hold at Argus, although this is still one of the DJIA with the most projected upside in 2013 by analysts.

Tanger Factory Outlet Centers Inc. (NYSE: SKT) cut to Sell at Goldman Sachs.

Textron Inc. (NYSE: TXT) raised to Outperform with $59 target at Credit Suisse.

Under Armour Inc. (NYSE: UA) raised to Outperform at Credit Suisse.

Urban Outfitters Inc. (NASDAQ: URBN) raised to Outperform at Credit Suisse.

U.S. Bancorp (NYSE: USB) raised to Buy at Deutsche Bank.

Wells Fargo & Co. (NYSE: WFC) cut to Neutral at Goldman Sachs.

Here are 12 stocks expected to rise 50% to 100% (or more) in 2013.

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