These are some of the top analyst upgrades, downgrades and initiations seen in Wall St. research calls this Wednesday.
ADTRAN Inc. (NASDAQ: ADTN) cut to Sell at Citigroup.
Allegheny Technologies Inc. (NYSE: ATI) named Bear of the Day at Zacks.
American International Group Inc. (NYSE: AIG) raised to Buy with $40 target at Argus.
Boyd Gaming Corp. (NYSE: BYD) started as Outperform with $7 target at Credit Suisse.
Cliffs Natural Resources Inc. (NYSE: CLF) cut to Sector Perform at RBC.
Genpact Ltd. (NYSE: G) started as Neutral at Goldman Sachs.
Honeywell International Inc. (NYSE: HON) started as Buy at Stifel Nicolaus.
Intel Corp. (NASDAQ: INTC) cut to Underperform at Raymond James.
International Business Machines Corp. (NYSE: IBM) reiterated Buy with $235 target at Argus.
Kinder Morgan Energy Partners L.P. (NYSE: KMP) maintained Outperform but cut estimates and target to $92 at Credit Suisse.
Onyx Pharmaceuticals Inc. (NASDAQ: ONXX) named as Bull of the Day at Zacks.
Pandora Media Inc. (NYSE: P) maintained Neutral but cut target to $10 from $13 at Credit Suisse.
Rackspace Hosting Inc. (NYSE: RAX) started as Overweight at J.P. Morgan.
Republic Services Inc. (NYSE: RSG) raised to Conviction Buy List at Goldman Sachs.
Sanchez Energy Corp. (NYSE: SN) started as Sector Perform at RBC.
TIBCO Software Inc. (NASDAQ: TIBX) cut to Neutral at BofA/ML.
Tupperware Brands Corp. (NYSE: TUP) raised to Buy with $72 target at Argus.
United Technologies Corp. (NYSE: UTX) started as Neutral at Goldman Sachs.
VeriFone Systems Inc. (NYSE: PAY) raised to Buy at UBS.
Waste Management Inc. (NYSE: WM) raised to Buy at Goldman Sachs.
WhiteWave Foods Co. (NYSE: WWAV) started as Buy at SunTrust Robinson Humphrey, started as Overweight at J.P. Morgan and started as Outperform at CLSA.
Want to see 2013 S&P 500 targets? Here are the price targets for up to more than 20% total market upside with projections from everyone.
Here is a gold pairing trade from Jefferies for 2013.
JON C. OGG