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

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By Jon C. Ogg Updated Published
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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

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About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.

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