These are some of the top analyst upgrades, downgrades and initiations seen in Wall Street research calls this Wednesday.
Alcoa Inc. (NYSE: AA) Cut to Underperform at BMO Capital Markets.
Alkermes, Plc (NASDAQ: ALKS) named Bull of the Day at Zacks.
Amazon.com Inc. (NASDAQ: AMZN) Started as Market Perform at BMO Capital Markets.
Apple Inc. (NASDAQ: AAPL) Started as Buy at UBS.
BHP Billiton (NYSE: BHP) Cut to Neutral at Credit Suisse.
Century Aluminum Company (NASDAQ: CENX) Cut to Neutral at Credit Suisse.
Cliffs Natural Resources (NYSE: CLF) Cut to Underperform at Credit Suisse.
Comstock Resources, Inc. (NYSE: CRK) Cut to Neutral at Credit Suisse.
Dendreon Corporation (NASDAQ: DNDN) Cut to Underperform with $6 target at BofA/ML.
Duke Energy Corporation (NYSE: DUK) Cut to Neutral at UBS.
EMC Corporation (NYSE: EMC) Started as Buy at UBS.
Forest Oil (NYSE: FST) Cut to Neutral at Credit Suisse.
Halliburton Co. (NYSE: HAL) Maintained Buy but cut target to $43 at Argus.
International Business Machines Corporation (NYSE: IBM) Started as Neutral at UBS.
Microsoft Corporation (NASDAQ: MSFT) Reiterated Buy with $39 target at Argus.
North American Palladium Ltd. (NYSEMKT: PAL) Cut to Neutral at Credit Suisse.
SAP AG (NYSE: SAP) Raised to Buy at ThinkEquity.
Staples, Inc. (NASDAQ: SPLS) Cut to Market Perform at Bernstein.
Waste Management, Inc. (NYSE: WM) Cut to Underweight at Morgan Stanley.
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JON C. OGG