These are some of the top analyst upgrades, downgrades and initiations seen in Wall Street research calls this Tuesday.
ADTRAN Inc. (NASDAQ: ADTN) Cut to Equal-weight at Barclays.
Alliant Energy Corp. (NYSE: LNT) Reiterated Buy and raised target to $52 at Argus.
American Electric Power Co. (NYSE: AEP) Raised to Overweight at Morgan Stanley.
Amylin Pharmaceuticals, Inc. (NASDAQ: AMLN) Raised to Equal-weight at Morgan Stanley.
Barclays PLC (NYSE: BCS) Cut to Hold at Deutsche Bank.
Broadcom Corp. (NASDAQ: BRCM) Reiterated Buy with $46 target at Argus.
HealthSouth Corporation (NYSE: HLS) Started as Buy at UBS.
Ingram Micro Inc. (NYSE: IM) Cut to Market Perform at Raymond James.
InterDigital, Inc. (NASDAQ: IDCC) Cut to Equal-weight at Barclays.
Lumber Liquidators Holdings, Inc. (NYSE: LL) Cut to Hold at KeyBanc.
Netgear (NASDAQ: NTGR) Raised to Overweight at Barclays.
Research in Motion Ltd. (NASDAQ: RIMM) Cut to Underweight at Barclays.
Statoil ASA (NYSE: STO) Started as Neutral at BofA/ML.
Virgin Media (NASDAQ: VMED) Reiterated Buy with $33 target at Canaccord Genuity.
CHANGES MADE to Argus institutional portfolio: QUALCOMM Inc. (NASDAQ: QCOM) replacing Intel Corporation (NASDAQ: INTC); Bed Bath & Beyond (NASDAQ: BBBY) added to list; Apple Inc. (NASDAQ: AAPL) is still 2.7% of the portfolio but Argus has taken out 1/4 of the position based upon performance and valuation.
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JON C. OGG