Top Analyst Upgrades and Downgrades (AMAT, MT, AVY, BIIB, BRCD, COG, DG, DLTR, FDO, HIG, HPQ, HD, ILMN, LXU, RCI, SUP, WETF, ZNGA)

October 5, 2012 by Jon C. Ogg

These are some of the top analyst upgrades, downgrades and initiations seen from Wall St. research calls this Friday.

Applied Materials Inc. (NASDAQ: AMAT) maintained Buy with $16 target after layoffs and restructuring by Argus.

ArecelorMittal (NYSE: MT) cut to Netral at Citigroup.

Avery Dennison Corp. (NYSE: AVY) started as Underperform with $29.50 target at Credit Suisse.

Biogen Idec Inc. (NASDAQ: BIIB) cut to Perform at Oppenheimer.

Brocade Communications Systems Inc. (NASDAQ: BRCD) started as Neutral at Stern Agee.

Cabot Oil & Gas Corp. (NYSE: COG) reiterated Buy and raised target to $80 at Canaccord Genuity.

Dollar General Corp. (NYSE: DG) started as Neutral at Credit Suisse.

Dollar Tree Inc. (NASDAQ: DLTR) started as Outperform with $55 target at Credit Suisse.

Family Dollar Stores Inc. (NYSE: FDO) started as Outperform with $81 target at Credit Suisse.

Hartford Financial Services Group Inc. (NYSE: HIG) reiterated Outperform and raised estimates and target to $27 at Credit Suisse.

Hewlett-Packard Co. (NYSE: HPQ) cut to Hold at Argus and cut to Neutral at Stern Agee.

Home Depot Inc. (NYSE: HD) reiterated Buy and raised target to $68 at Argus.

Illumina Inc. (NASDAQ: ILMN) maintained Outperform with $55 target at Credit Suisse.

LSB Industries Inc. (NYSE: LXU) named value stock of the day at Zacks.

Native American Energy Group (NAGP) raised target to $2 at Zacks.

Rogers Communications Inc. (NYSE: RCI) named Bull of the Day at Zacks.

Superior Industries International Inc. (NYSE: SUP) named Bear of the Day at Zacks.

Widom Tree Investments Inc. (NASDAQ: WETF) raised to Conviction Buy List with $9 target at Goldman Sachs.

Zynga Inc. (NASDAQ: ZNGA) cut to Neutral at R.W. Baird.

JON C. OGG

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