These are some of the top analyst upgrades, downgrades and initiations seen so far from Wall St, research calls this Monday:
American Express Co. (NYSE: AXP) cut to Neutral on valuation/price at Goldman Sachs.
ARM Holdings PLC (NASDAQ: ARMH) cut to Neutral at Piper Jaffray.
Capital One Financial Corp. (NYSE: COF) raised to Buy at Goldman Sachs.
Cisco Systems Inc. (NASDAQ: CSCO) raised to Outperform at William Blair.
Deere & Co. (NYSE: DE) raised to Neutral at J.P. Morgan.
EMC Corp. (NYSE: EMC) cut to Neutral at J.P. Morgan.
Facebook Inc. (NASDAQ: FB) raised to Buy at Deutsche Bank.
Hewlett-Packard Co. (NYSE: HPQ) raised to Neutral from Underweight at J.P. Morgan.
Huntsman Corp. (NYSE: HUN) cut to Market Perform at Wells Fargo.
International Business Machine Corp. (NYSE: IBM) cut to Neutral at J.P. Morgan.
ONEOK Inc. (NYSE: OKE) raised to Buy at Argus.
Philip Morris International Inc. (NYSE: PM) raised to Conviction Buy List at Goldman Sachs.
Sprint Nextel Corp. (NYSE: S) cut to Neutral at UBS.
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Verizon Communications Inc. (NYSE: VZ) cut to Neutral at UBS.
UBS made a call in IT spending that is very cautious for 2013, but there are some expected winners as well.
Jon C. Ogg