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Top Analyst Upgrades and Downgrades (BRCM, CAVM, CVX, CONN, CPA, ERIC, GOOG, HSY, IP, MPEL, MRK, RIMM, STJ, UTI, VOD, WMT, YHOO, DB, CS)
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These are this Monday’s top analyst upgrades, downgrades and initiations seen from Wall St. research calls.
Broadcom Corp. (NASDAQ: BRCM) reiterated Buy with $46 target at Argus.
Cavium Inc. (NASDAQ: CAVM) reiterated Buy with $42 price target at Argus.
Chevron Corp. (NYSE: CVX) cut to Neutral at UBS.
Conn’s Inc. (NASDAQ: CONN) named Bull of the Day at Zacks.
Copa Holdings S.A. (NYSE: CPA) started as Outperform at Credit Suisse.
Ericsson (NASDAQ: ERIC) raised to Conviction Buy List from Neutral at Goldman Sachs.
Google Inc. (NASDAQ: GOOG) cut to Market Perform at BMO.
Hershey Co. (NYSE: HSY) removed from Conviction Buy List and cut to Neutral at Goldman Sachs.
International Paper Co. (NYSE: IP) reiterated Buy and raised target to $48 from $42 at Argus.
Melco Crown Entertainment Ltd. (NASDAQ: MPEL) raised to Hold at Jefferies.
Merck & Co. (NYSE: MRK) cut to Underweight from Equal Weight at Morgan Stanley.
Research In Motion Ltd. (NASDAQ: RIMM), soon to be BlackBerry (NASDAQ: BBRY), raised to Buy with $22 price target at Bernstein.
St. Jude Medical Inc. (NYSE: STJ) raised to Outperform with $48 target at Credit Suisse.
Universal Technical Institute Inc. (NYSE: UTI) named Bear of the Day at Zacks.
Vodafone Group PLC (NASDAQ: VOD) cut to Neutral at Citigroup.
Wal-Mart Stores Inc. (NYSE: WMT) cut to Neutral at J.P. Morgan.
Yahoo! Inc. (NASDAQ: YHOO) raised to Buy at Stifel Nicolaus.
Canaccord Genuity is mixed on European banks: started coverage as Buy on Deutsche Bank (NYSE: DB) and started coverage as Hold on Credit Suisse Group (NYSE: CS).
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