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Top Analyst Upgrades and Downgrades (CIEN, DRYS, ICE, IM, NAT, ORLY, RAX, PRSP, RF, STI, SLB, TMH, TIF)

These are this Monday’s top analyst upgrades, downgrades, and initiations seen from Wall Street research calls:

Ciena Corp. (NASDAQ: CIEN) Started as Buy at Auriga.
DryShips (NASDAQ: DRYS) Raised to Buy at Cantor Fitzgerald.
Intercontinental Exchange (NYSE: ICE) Raised to Buy at Deutsche Bank.
Imgram Micro (NYSE: IM) Raised to Overweight at Thomas Weisel.
Nordic American Tanker (NYSE: NAT) Raised to Hold at Cantor Fitzgerald.
O’Reilly Auto (NASDAQ: ORLY) Raised to Outperform at FBR Capital.
Rackspace Hosting (NYSE: RAX) Started as Buy at Merriman Curhan Ford.
Prosperity Bancshares (NASDAQ: PRSP) Cut to Market Perform at BMO Capital Markets.
Regions Financial (NYSE: RF) Cut to Market Perform at FBR Capital.
SunTrust Banks (NYSE: STI) Cut to Sell at Stifel Nicolaus; Raised to Outperform at FBR Capital.
Schlumberger Ltd. (NYSE: SLB) Raised to Outperform at FBR Capital.
Team Health Holdings (NYSE: TMH) Started as Buy at Citigroup; Started as Overweight at Barclays; Started as Outperform at Morgan Keegan; Started as Neutral at Goldman Sachs; Started as Hold at Deutsche Bank.
Tiffany & Co. (NYSE: TIF) Raised to Overweight at HSBC.

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JON C. OGG