Top Analyst Upgrades and Downgrades (ACI, ARMH, CSIQ, CAT, CAL, ELN, EXPE, GPS, PCS, BTU, STJ, VRTX)

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

Arch Coal Inc. (NYSE: ACI) Raised to Buy at Citigroup.
ARM Holdings (NASDAQ: ARMH) Cut to Sell at Citigroup.
Canadian Solar Inc. (NASDAQ: CSIQ) Cut To Equal-Weight at Morgan Stanley.
Caterpillar Inc. (NYSE: CAT) Raised to Outperform at Baird.
Continental Airlines, Inc. (NYSE: CAL) Raised to Buy at Stifel Nicolaus.
Elan Corp. (NYSE: ELN) Started as Market Perform at Wells Fargo.
Expedia Inc. (NASDAQ: EXPE) Raised to Overweight at Piper Jaffray.
Gap Inc. (NYSE: GPS) Raised to Overweight at Piper Jaffray.
MetroPCS (NYSE: PCS) Raised to BUy at Auriga.
Peabody Energy (NYSE: BTU) Raised to Hold at Citigroup.
St. Jude Medical (NYSE: STJ) Raised to Buy at Jefferies.
Vertex Pharmaceuticals Inc. (NASDAQ: VRTX) Cut to Neutral at JPMorgan.

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