These are some of the top analyst upgrades, downgrades and initiations seen in Wall Street research calls this Monday.
ABB Ltd. (NYSE: ABB) Cut to Underweight at JPMorgan.
Arena Pharmaceuticals (NASDAQ: ARNA) Cut to Market Perform at BMO.
AutoNation (NYSE: AN) Cut to Sell at Deutsche Bank.
Automatic Data Processing, Inc. (NASDAQ: ADP) Cut to Equal-weight at Barclays.
Boeing Co. (NYSE: BA) Raised to Outperform at Oppenheimer.
Carnival Corporation (NYSE: CCL) Maintained Neutral but raised target to $33 at Credit Suisse.
Merck & Co. (NYSE: MRK) Reiterated Outperform and Raised price target to $45 at Credit Suisse.
Netflix, INc. (NASDAQ: NFLX) Raised to Neutral from Sell at Janney.
Paychex, Inc. (NASDAQ: PAYX) Cut to Underweight at Barclays.
Philip Morris International Inc. (NYSE: PM) Maintained Buy but cut earnings estimates on currencies at Argus.
Red Hat, Inc. (NYSE: RHT) Started as Buy at Needham.
Research in Motion Ltd. (NASDAQ: RIMM) Cut to Underweight at Morgan Stanley; RIM lost one of its biggest champions and free advertising permanently on Friday night.
SanDisk Corporation (NASDAQ: SNDK) Raised to Buy at Goldman Sachs.
Web.com Group, Inc. (NASDAQ: WWWW) Started as Buy at Citigroup.
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JON C. OGG