These are some of the top analyst upgrades, downgrades and initiations seen in Wall St. research calls this Wednesday.
Align Technology Inc. (NASDAQ: ALGN) cut to Underperform as Bear of the Day at Zacks.
Amgen Inc. (NASDAQ: AMGN) raised to Outperform Bull of the Day at Zacks.
Citigroup Inc. (NYSE: C) reiterated Outperform with $48 target at Credit Suisse.
Dynegy Inc. (NYSE: DYN) started as Accumulate at Tudor Pickering.
FedEx Corp. (NYSE: FDX) cut to Outperform at Raymond James.
Mattress Firm Holding Corp. (NASDAQ: MFRM) started as Buy at Citigroup.
Mondelez International Inc. (NASDAQ: MDLZ) cut to Hold at Argus.
Nike Inc. (NYSE: NKE) started as Neutral at J.P. Morgan.
OpenTable Inc. (NASDAQ: OPEN) started as Overweight with $53 target at J.P. Morgan.
Oracle Corp. (NASDAQ: ORCL) reiterated Outperform with $40 target at Credit Suisse as it said, “Headwinds Fading … So, Jump on Board!” (That was its snapshot analysis.)
Prosperity Bancshares Inc. (NYSE: PB) raised to Outperform at Baird.
Seagate Technology PLC (NASDAQ: STX) cut to Underweight at J.P. Morgan.
Take-Two Interactive Software Inc. (NASDAQ: TTWO) raised to Overweight with $18 target at Piper Jaffray.
Teva Pharmaceutical Industries Ltd. (NYSE: TEVA) cut to Market Perform at Leerink Swann after its investor day guidance.
Under Amour Inc. (NYSE: UA) started as Underweight at J.P. Morgan.
Volcano Corp. (NASDAQ: VOLC) cut to Neutral at Credit Suisse.
Yelp Inc. (NYSE: YELP) started as Neutral at J.P. Morgan.
Here are some other outlook pieces for the end of 2012 and 2013:
- Fortune’s Top 10 Stocks to Buy for 2013
- BofA’s 10 Defensive and Yield Stock Picks for 2013
- The Big Gold Trade: 2013 Pairing Gold Versus Miners
- S&P 500 Upside Targets for 2013 from Everyone
- Our own 2013 Alternative Energy and Cleantech Outlook for 2013
JON C. OGG