Top Analyst Upgrades and Downgrades (ANF, BP, BRCM, CX, COST, EMC, FR, FO, RAX, RFMD, TQNT)

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By Jon C. Ogg Updated Published
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Bonds may be closed in observance of Columbus Day, but stocks are open for trading and there are analyst calls to watch.  These are some of this Monday’s key analyst upgrades, downgrades, and initiations seen in Wall Street research calls.

Abercrombie & Fitch Co. (NYSE: ANF) Raised to Buy with $52 Target at Argus.
BP plc (NYSE: BP) Cut to Hold at RBS.
Broadcom Corporation (NASDAQ: BRCM) Added to Conviction Buy List at Goldman Sachs.
CEMEX, S.A.B. de C.V. (NYSE: CX) Cut to Hold at Deutsche Bank.
Costco Wholesale Corporation (NASDAQ: COST) Cut to Market Perform at BMO.
EMC Corp. (NYSE: EMC) Raised to Buy and $25 target at Deutsche Bank.
First Industrial Realty Trust (NYSE: FR) Started as Underweight at JPMorgan.
Fortune Brands, Inc. (NYSE: FO) Cut to Neutral at Baird.
Rackspace Hosting, Inc (NYSE: RAX) Maintained Outperform and target raised to $26 at Oppenheimer.
RF Micro Devices Inc. (NASDAQ: RFMD) Cut to Hold at Needham.
Triquint Semiconductor, Inc. (NASDAQ: TQNT)  Cut to Hold at Needham.

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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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