Top Analyst Upgrades & Downgrades (ALTR, BAC, SAM, CHK, CRUS, ERJ, EZPW, GTE, XXIA, LL, MYGN, NXY, OKE, PAA, RVBD, SNDK, SYNM)April 20, 2012 by Jon C. Ogg
Altera Corporation (NASDAQ: ALTR) Cut to Neutral at Citigroup.
Bank of America Corporation (NYSE: BAC) Cut to Sell from Underperform at Credit Agricole.
Boston Beer Co. Inc. (NYSE: SAM) Started as Neutral at UBS.
Chesapeake Energy Corporation (NYSE: CHK) Cut to Market Perform at Wells Fargo; called “a stock to avoid on more ‘off balance sheet’ debt and ‘Founders Well’ issues” by Argus.
Cirrus Logic Inc. (NASDAQ: CRUS) Started as Buy at Stern Agee.
Embraer SA (NYSE: ERJ) Cut to Neutral at Goldman Sachs.
EZCORP, Inc. (NASDAQ: EZPW) Cut to Underperform at Stern Agee.
Gran Tierra Energy, Inc. (AMEX: GTE) Started as Outperform at Credit Suisse.
Ixia (NASDAQ: XXIA) Raised to Buy at Wunderlich.
Lumber Liquidators Holdings, Inc. (NYSE: LL) Cut to Neutral at Goldman Sachs.
Myriad Genetics Inc. (NASDAQ: MYGN) Raised to Outperform at Cowen.
Nexen Inc. (NYSE: NXY) Raised to Outperform at Credit Suisse.
ONEOK Inc. (NYSE: OKE) Raised to Buy at UBS.
Plains All American Pipeline, L.P. (NYSE: PAA) Started as Overweight at Barclays.
Riverbed Technology, Inc. (NASDAQ: RVBD) Cut to Neutral at JPMorgan; Cut to Perform at Oppenheimer; downgrades and price target and estimates have been cut at multiple boutique firms.
SanDisk Corporation (NASDAQ: SNDK) Cut to Hold at Deutsche Bank; downgraded or estimate and price targets cut at several other boutique firms.
Syntroleum Corporation (NASDAQ: SYNM) Started as Market Outperform with $1.80 price target at JMP Securities.
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JON C. OGG