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

Advanced Micro Devices (NYSE: AMD) Started as Underperform at Macquarie; Removed from Conviction Sell list Goldman Sachs (still Sell rates).
Avis Budget Group (NYSE: CAR) Raised to Overweight at Barclays.
Broadcom Corp. (NASDAQ: BRCM) Started as Neutral at Macquarie; Raised to Buy at Goldman Sachs.
Burger King Holdings Inc. (NYSE: BKC) Raised to Buy at Deutsche Bank.
Chesapeake Energy (NYSE: CHK) Cut to Hold at Lazard.
Corning Inc. (NYSE: GLW) Raised to Overweight at Thomas Weisel.
Guess? Inc. (NYSE: GES) Raised to Buy at Lazard.
HSBC Holdings (NYSE: HBC) Cut to Market Perform at FBR.
Intel Corp. (NASDAQ: INTC) Started as Neutral at Macquarie.
Micron Technology Inc. (NASDAQ: MU) Started as Underperform at Macquarie.
Nasdaq OMX Group Inc. (NASDAQ: NDAQ) Started as Outperform at JMP Securities.
Nike Inc. (NYSE: NKE) Raised to Outperform at FBR.
NVIDIA (NASDAQ: NVDA) Started as Neutral at Macquarie.
Synovus Financial Corp. (NYSE: SNV) Cut to Neutral at SunTrust Robinson Humphrey.

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JON C. OGG