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Top 10 Analyst Upgrades and Downgrades (BP, SCHW, CCRT, LTD, MCK, MUSA, NTES, PT, VIP, WPI)

These are ten of the top analyst upgrades, downgrades, and initiations seen in Wall Street research calls early this Wednesday morning:

BP plc (NYSE: BP) defended at Bank of America Merrill Lynch.
Charles Schwab Corp. (NASDAQ: SCHW) Started as Overweight at JPMorgan.
Compucredit Corp. (NASDAQ: CCRT) Cut to Underperform at KBW.
Limited Brands Inc. (NYSE: LTD) Raised to Overweight at JPMorgan.
McKesson Corporation (NYSE: MCK) reiterated Buy and Raised target to $80 at Auriga.
Metals USA Holdings Corp. (NYSE: MUSA) Started as Overweight at JPMorgan; Started as Buy at KeyBanc.
Neteaste.com, Inc. (NASDAQ: NTES) Reiterate Buy and $49 price target at Auriga.
Portugal Telecom (NYSE: PT) Cut to Neutral at BNP Paribas.
Vimpel-Communications (NYSE: VIP) Started as BUy and $24 target at UBS.
Watson Pharmaceuticals (NYSE: WPI) Raised to Overweight at JPMorgan.

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JON C. OGG