These are some of the top analyst upgrades, downgrades and initiations seen in Wall St. research calls this Wednesday.
American Tower Corp. (NYSE: AMT): Cut to Neutral at Citigroup.
Caterpillar Inc. (NYSE: CAT): Cut to Hold at Jefferies.
Ford Motor Co. (NYSE: F): Started as Overweight at JPMorgan.
General Motors Corp. (NYSE: GM): Started as Overweight at JPMorgan.
Hillshire Brands Co. (NYSE: HSH): Raised to Outperform at Credit Suisse.
New Oriental Education & Technology Group (NYSE: EDU): Cut to Perform at Oppenheimer.
Phillips 66 (NYSE: PSX): Started as Buy at Argus.
Rovi Corp. (NASDAQ: ROVI) warned yesterday and shares are way down; we have seen downgrades to Neutral and the equivalent ratings from JPMorgan, BMO Capital Markets and Piper Jaffray.
Saks Inc. (NYSE: SKS): Cut to Sell at Goldman Sachs.
Shutterfly, Inc. (NASDAQ: SFLY): Started as Buy at BofA/ML.
Starwood Hotels & Resorts Inc. (NYSE: HOT): Cut to Hold at Argus.
Tesla Motors, Inc. (NASDAQ: TSLA): Cut to Sell at Wunderlich.
Tiffany & Co. (NYSE: TIF): Raised to Buy at Goldman Sachs.
VIVUS Inc. (NASDAQ: VVUS): Raised to Hold at Jefferies.
Whole Foods Market Inc. (NASDAQ: WFM): Cut to Perform at Williams Capital.
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JON C. OGG