These are some of the top analyst upgrades, downgrades and initiations seen in Wall St. research calls this Friday.
Adobe Systems Inc. (NASDAQ: ADBE) cut to Neutral a Janney.
Bazaarvoice Inc. (NASDAQ: BV) raised to Outperform with $18 target at Credit Suisse.
BP PLC (NYSE: BP) cut to Neutral at Credit Suisse.
Burger King Worldwide Inc. (NYSE: BKW) started as Neutral at BofA/ML.
Ciena Corp. (NASDAQ: CIEN) cut to Perform at Oppenehimer.
Colgate-Palmolive Co. (NYSE: CL) started as Neutral at Goldman Sachs.
CVS Caremark Corp. (NYSE: CVS) reiterated Buy and raised target to $56 from $54 at Argus and raised to Outperform at Macquarie.
Davita Inc. (NYSE: DVA) raised to Buy at Nomura.
Deere & Co. (NYSE: DE) started as Outperform at Macquarie.
Equity Residential (NYSE: EQR) defended on weakness and reiterated as Buy with $68 price target at Argus.
Exxon Mobil Corp. (NYSE: XOM) cut to Neutral at Goldman Sachs.
Kimberly-Clark Corp. (NYSE: KMB) started as Neutral at Goldman Sachs.
Marathon Oil Corp. (NYSE: MRO) raised to Buy at Goldman Sachs.
Microsoft Corp. (NASDAQ: MSFT) started as Market Perform a BMO.
Procter & Gamble Co. (NYSE: PG) started as Neutral at Goldman Sachs.
Rigel Pharmaceuticals Inc. (NASDAQ: RIGL) cut to Neutral at Citigroup.
Royal Dutch Shell PLC (NYSE: RDS-A) raised to Outperform at Credit Suisse.
Sprint Nextel Corp. (NYSE: S) reiterated Buy with $7.50 target at Argus.
TiVo Inc. (NASDAQ: TIVO) started as Buy at Goldman Sachs.
Wynn Resorts Ltd. (NASDAQ: WYNN) cut to Neutral at UBS.
Youku Tudou Inc. (NYSE: YOKU) started as Overweight at Morgan Stanley.
Zumiez Inc. (NASDAQ: ZUMZ) cut to Underperform at BofA/ML.
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