Top Analyst Upgrades & Downgrades (NLY, AAPL, BX, BG, C, CMA, CREE, CY, DRYS, ADM, MCD, MRK, PFE, SVNT, X)
These are some of this Wednesday’s top analyst calls with upgrades, downgrades, and initiations seen from Wall Street research firms. Annaly Capital Management, Inc. (NYSE: NLY) Cut to Hold at Jefferies. Apple Inc. (NASDAQ: AAPL) Raised target to $438 at…
Annaly Capital Management, Inc. (NYSE: NLY) Cut to Hold at Jefferies.
Apple Inc. (NASDAQ: AAPL) Raised target to $438 at Kaufman Bros; Reiterated Buy with $375 target at Needham; Oppenheimer raised target to $425.
The Blackstone Group (NYSE: BX) Raised to Buy at Jefferies.
Bunge Ltd. (NYSE: BG) Raised to Outperform at Credit Suisse.
Citigroup Inc. (NYSE: C) Cut estimates for 2011 and 2012 at BofA/ML.
Comerica Incorporated (NYSE: CMA) Raised to Hold at Citigroup.
Cree Inc. (NASDAQ: CREE) Kept at Hold but lowered target to $52 at Kaufman Bros.
Cypress Semiconductor Corporation (NASDAQ: CY) Raised to Buy at UBS.
DryShips, Inc. (NASDAQ: DRYS) Started as Neutral at Stern Agee.
Archer Daniels Midland Company (NYSE: ADM) Raised to Outperform at Credit Suisse.
McDonald’s Corporation (NYSE: MCD) Added to Focus List at Credit Suisse.
Merck & Co. Inc. (NYSE: MRK) Started as Outperform at Wells Fargo.
Pfizer Inc. (NYSE: PFE) Started as Outperform at Wells Fargo.
Savient Pharmaceuticals, Inc. (NASDAQ: SVNT) Cut to Underperform at BofA/ML.
United States Steel Corp oration (NYSE: X) Raised to Buy at Deutsche Bank.
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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.