Top Analyst Upgrades and Downgrades (BRCM, CAVM, CVX, CONN, CPA, ERIC, GOOG, HSY, IP, MPEL, MRK, RIMM, STJ, UTI, VOD, WMT, YHOO, DB, CS)

Photo of Jon C. Ogg
By Jon C. Ogg Updated Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

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).

If you want to know how capital inflows are impacting stocks, you better take a look. This is acting to drive stocks and is one part of why we are considering raising our 2013 DJIA target from 14,590.

Photo of Jon C. Ogg
About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. a673b.bigscoots-temp.com.

Continue Reading

Top Gaining Stocks

CBOE Vol: 1,568,143
PSKY Vol: 12,285,993
STX Vol: 7,378,346
ORCL Vol: 26,317,675
DDOG Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ Vol: 4,367,433
CLX Vol: 13,260,523
SYK Vol: 4,519,455
MHK Vol: 1,859,865
AMGN Vol: 3,818,618