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Top 10 Analyst Upgrades and Downgrades (ACI, BCSI, BWLD, CREE, CTCM, EQY, MEE, PMI, POT, SKS)

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By Jon C. Ogg Updated Published

These are some of the top analyst upgrades, downgrades, and initiations seen in Wall Street research notes this Wednesday morning:

Arch Coal Inc. (NYSE: ACI) Raised to Overweight at HSBC.
Blue Coat Systems Inc. (NASDAQ: BCSI) Raised to Buy at Needham.
Buffalo Wild Wings, Inc. (NASDAQ: BWLD) Started as Buy at Morgan Joseph.
Cree Inc. (NASDAQ: CREE) Started as Hold at Kaufman.
CTC Media, Inc. (NASDAQ: CTCM) Raised to Buy at Deutsche Bank.
Equity One Inc. (NYSE: EQY) Started at Market Perform a KBW.
Massey Energy Co. (NYSE: MEE) Raised to Overweight at HSBC.
PMI Group Inc. (NYSE: PMI) Cut to Strong Sell at S&P Equity (late Tuesday call).
Potash Corp. of Saskatchewan (NYSE: POT) Cut to Hold at Stifel Nicolaus.
Saks Incorporated (NYSE: SKS) Cut to Neutral at JPMorgan.

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JON C. OGG

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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. www.247wallst.com.

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