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

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By Jon C. Ogg Updated Published

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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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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