These are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this Thursday morning.
AMR Corporation (NYSE: AMR) Cut to Sell at Ticonderoga.
Bank of America Corporation (NYSE: BAC) Removed from U.S. Focus List at Credit Suisse.
Banco Santander (NYSE: STD) Cut to Neutral at JPMorgan.
Cree Inc. (NASDAQ: CREE) Started as Neutral at Credit Suisse.
Dell Inc. (NASDAQ: DELL) Reiterated Buy with $22 target at Argus.
EMC Corporation (NYSE: EMC) Reiterated Buy with $32 target at Argus.
El Paso Pipeline Partners, L.P. (NYSE: EPB) added to U.S. Focus List at Credit Suisse.
Intel Corporation (NASDAQ: INTC) Cut to Reduce at Nomura; Reiterated Buy and raised target to $29 at Gleacher.
Inergy, L.P. (NYSE: NRGY) Cut to Sell at Citigroup.
Iridium Communications Inc. (NASDAQ: IRDM) Started as Outperform at Morgan Keegan.
Masco Corporation (NYSE: MAS) Maintained Underperform as Bear of the Day at Zacks.
NetApp Inc. (NASDAQ: NTAP) Raised to Strong Buy at S&P Equity Research (late Wednesday).
QUALCOMM Incorporated (NASDAQ: QCOM) Reiterated Outperform at CRedit Suisse.
Riverbed Technology, Inc. (NASDAQ: RVBD) Raised to Buy at Wunderlich.
Select Medical Holdings Corporation (NYSE: SEM) Reiterated Buy as Value at Zacks.
Toll Brothers Inc. (NYSE: TOL) Cut to Hold at Citigroup.
United States Steel Corp. (NYSE: X) Raised to Buy at S&P Equity Research (late Wednesday).
ValueClick, Inc. (NASDAQ: VCLK) Cut to Hold at S&P Equity Research (late Wednesday).
Veeco Instruments Inc. (NASDAQ: VECO) Started as Neutral at Credit Suisse.
WellPoint (NYSE: WLP) Raised to Outperform as Bull of the Day at Zacks.
Xilinx Inc. (NASDAQ: XLNX) Reiterated Buy and Raised target to $41 at Gleacher & Co.
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JON C. OGG