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Top Analyst Upgrades and Downgrades (CTL, SCHW, CL, DELL, DNDN, ETFC, JCP, LEAP, MAS, NVDA, OII, PLCM, PBH, PG, LMT, RAX, AMTD, VZ)

These are some of this Thursday’s top analyst upgrades, downgrades and initiations seen from Wall St. research calls.

CenturyLink Inc. (NYSE: CTL) cut to Neutral at J.P. Morgan, cut to Reduce at Nomura and cut to Market Perform at Raymond James.

The Charles Schwab Corp. (NYSE: SCHW) started as Neutral at BofA/Merrill Lynch.

Colgate-Palmolive Co. (NYSE: CL) started as Sell at Canaccord Genuity.

Dell Inc. (NASDAQ: DELL) cut to Market Perform at Raymond James.

Dendreon Corp. (NASDAQ: DNDN) cut to Sell at Maxim Group.

E*TRADE Financial Corp. (NASDAQ: ETFC) started as Underperform with $10 target at BofA/Merrill Lynch.

J.C. Penney Co. Inc. (NYSE: JCP) named as Bear of the Day with quote, “This turn-around may take a little longer than expected. Is now the right time to take risk on in this struggling retailer?” by Zacks Investment Research.

Leap Wireless International Inc. (NASDAQ: LEAP) raised to Outperform at Wells Fargo.

Masco Corp. (NYSE: MAS) raised to Buy with $25 target at Argus.

Nvidia Corp. (NASDAQ: NVDA) cut to Hold at Needham.

Oceaneering International Inc. (NYSE: OII) removed from Conviction Buy List and downgraded to Neutral at Goldman Sachs.

Polycom Inc. (NASDAQ: PLCM) cut to Hold at Stifel Nicolaus.

Prestige Brands Holdings Inc. (NYSE: PBH) named Bull of the Day with quote, “Their products are probably in and around your house; should their stock be in your portfolio?” by Zacks Investment Research.

Procter & Gamble Co. (NYSE: PG) started as Buy at Canaccord Genuity.

Lockheed Martin Corp. (NYSE: LMT) cut to Neutral at Cowen.

Rackspace Hosting Inc. (NYSE: RAX) raised to Outperform after huge sell-off at Raymond James.

TD Ameritrade Holding Corp. (NYSE: AMTD) started as Buy with a $22 target at BofA/Merrill Lynch.

Verizon Communications Inc. (NYSE: VZ) raised to Outperform at Raymond James.

Here are six value stocks that lowered earnings estimates but have great near-term upside according to UBS.

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