Top 10 Analyst Upgrades and Downgrades (MCD, NLC, PUK, PXD, RIMM, STP, STM, YUM, X, WEN)

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

McDonald’s Corp. (NYSE: MCD) Started as Positive at Susquehanna.
Nalco Holding Co. (NYSE: NLC) Cut to Neutral at JPMorgan.
Prudential plc (NYSE: PUK) ADRs were resumed as a Buy rating at Citigroup.
Pioneer Natural Resources Co. (NYSE: PXD) Raised to Buy at Stifel Nicolaus.
Research-in-Motions Ltd. (NASDAQ: RIMM) Target cut to $70 from $75 at UBS.
Suntech Power Holdings (NYSE: STP) Maintained Buy but Cut target to $18 from $23 at Lazard.
STMicroelectronics NV (NYSE: STM) ARDs were Raised to Neutral at UBS.
YUM! Brands (NYSE: YUM) Started as Positive at Susquehanna.
U.S. Steel (NYSE: X) Maintained Buy but removed from Conviction Buy List at Goldman Sachs.
Wendy’s/Arby’s (NYSE: WEN) Started as Neutral at Susquehanna.

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