Top 10 Analyst Upgrades and Downgrades (ACI, BCSI, BWLD, CREE, CTCM, EQY, MEE, PMI, POT, SKS)

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

Arch Coal Inc. (NYSE: ACI) Raised to Overweight at HSBC.
Blue Coat Systems Inc. (NASDAQ: BCSI) Raised to Buy at Needham.
Buffalo Wild Wings, Inc. (NASDAQ: BWLD) Started as Buy at Morgan Joseph.
Cree Inc. (NASDAQ: CREE) Started as Hold at Kaufman.
CTC Media, Inc. (NASDAQ: CTCM) Raised to Buy at Deutsche Bank.
Equity One Inc. (NYSE: EQY) Started at Market Perform a KBW.
Massey Energy Co. (NYSE: MEE) Raised to Overweight at HSBC.
PMI Group Inc. (NYSE: PMI) Cut to Strong Sell at S&P Equity (late Tuesday call).
Potash Corp. of Saskatchewan (NYSE: POT) Cut to Hold at Stifel Nicolaus.
Saks Incorporated (NYSE: SKS) Cut to Neutral at JPMorgan.

Can you believe it is September already?

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JON C. OGG