Top Analyst Upgrades and Downgrades (ADBE, AMD, AMZN, AXP, STD, FDX, MMYT, NWS.A, NOK, TWX, UPS, VVUS)
These are some of this Wednesday’s top analyst upgrades, downgrades, and initiations seen in Wall Street research notes: Adobe Systems, Inc. (NASDAQ: ADBE) Cut to Neutral at Robert W. Baird; Cut to Market Perform at FBR. Advanced Micro Devices Inc.…
Adobe Systems, Inc. (NASDAQ: ADBE) Cut to Neutral at Robert W. Baird; Cut to Market Perform at FBR.
Advanced Micro Devices Inc. (NYSE: AMD) Maintained Buy but lowered target to $12 from $16 at Gleacher.
Amazon.com Inc. (NASDAQ: AMZN) Cut to Hold at S&P Equity Research (late Tuesday).
American Express (NYSE: AXP) Started as Positive at Susquehanna.
Banco Santander SA (NYSE: STD) Cut to Neutral at Credit Suisse.
FedEx Corporation (NYSE: FDX) Started as Buy at Stern Agee.
MakeMyTrip Ltd. (NASDAQ: MMYT) Started as Equal-Weight at Morgan Stanley.
News Corp. (NASDAQ: NWS.A) Started as Hold at Jefferies.
Nokia Corp. (NYSE: NOK) Cut to Underperform at Morgan Keegan.
Time Warner Inc. (NYSE: TWX) Started as Buy at Jefferies.
United Parcel Service, Inc. (NYSE: UPS) Started as Buy at Stern Agee.
VIVUS Inc. (NASDAQ: VVUS) Raised to Buy at Canaccord.
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JON C. OGG
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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.