Investing

Top Analyst Upgrades, Downgrades, Initiations (AMZN, CB, CXW, GSK, ITRI, LEAP, LM, PNC, POT, VLO)

These are this Friday morning’s top 10 analyst upgrades, downgrades, and initiations we have seen from Wall Street’s research calls:

Amazon.com (NASDAQ: AMZN) Raised to Outperform at FBR Capital (new target $130); Raised to Overweight at Barclays; Raised to Buy at Jefferies; Raised to Buy at Janney Montgomery.
Chubb (NYSE: CB) Cut to Hold at Stifel Nicolaus.
Corrections Corp (NYSE: CXW) Started as Buy at Sun Trust Robinson Humphrey
GlaxoSmithKline (NYSE: GSK) Cut to Hold at Jefferies.
Itron (NASDAQ: ITRI) Raised to Buy at Deutsche Bank.
Leap Wireless (NASDAQ: LEAP) Started as Neutral at Credit Suisse.
Legg Mason (NYSE: LM) Raised to Neutral at Credit Suisse.     Credit Suisse
PNC Financial Services (NYSE: PNC) Raised to Overweight at Wells Fargo.
Potash Corp. of Saskatchewan, Inc. (NYSE: POT) Cut to Sector Perform at CIBC; targets raised to $125 at RBC and raised to $135 at Canaccord.
Valero Energy (NYSE: VLO) Raised to Overweight at Barclays.

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JON C. OGG
OCTOBER 23, 2009

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