These are some of the top analyst upgrades, downgrades and initiations seen from Wall St. research calls this Friday.
ADTRAN Inc. (NASDAQ: ADTN) cut to Underperform at BofA/ML.
American Capital Mortgage Investment (NASDAQ: MTGE) started as Market Outperform at JMP Securities.
Apache Corp. (NYSE: APA) maintained Hold but lowered estimates at Argus.
Broadcom Corp. (NASDAQ: BRCM) started as Buy at Brean Murray.
Caterpillar Inc. (NYSE: CAT) cut to Neutral at BofA/ML.
Denbury Resources Inc. (NYSE: DNR) started as Neutral at Credit Suisse.
Devon Energy Corp. (NYSE: DVN) started as Outperform at Credit Suisse.
Halcon Resources Corp. (NYSE: HK) started as Buy at Canaccord Genuity.
McDonald’s Corp. (NYSE: MCD) cut to Neutral at Janney.
Micron Technology Inc. (NASDAQ: MU) reiterated Buy with $10 target at Stern Agee.
New Oriental Education & Technology Group (NYSE: EDU) started as Outperform at Credit Suisse.
Pfizer Inc. (NYSE: PFE) started as Outperform at BMO.
Qualcomm Inc. (NASDAQ: QCOM) started as Buy at Brean Murray.
Research in Motion Ltd. (NASDAQ: RIMM) raised to Outperform at National Bank and maintained Neutral at Credit Suisse.
United Technologies Corp. (NYSE: UTX) cut to Perform at Oppenheimer.
JON C. OGG