Top Analyst Upgrades & Downgrades (BIDU, BG, CETV, CREE, GIS, IACI, MPC, MUR, MYGN, NTAP, PETS, SCHN, TRGP, NGLS)

July 1, 2011 by Jon C. Ogg

These are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this Friday morning.

Baidu, Inc. (NASDAQ: BIDU) Cut to Hold at S&P Equity Research (late Thursday call).
Bunge Limited (NYSE: BG) Reiterated Buy as Value at Zacks.
Central European Media Enterprises Ltd. (NASDAQ: CETV) Cut to Sell at Goldman Sachs.
Cree Inc. (NASDAQ: CREE) maintained as Hold with $37 target at Canaccord Genuity.
General Mills Inc. (NYSE: GIS) Cut to Hold at Argus.
IAC/InterActiveCorp (NASDAQ: IACI) Cut to Neutral with $41 target at BofA/ML.
Marathon Petroleum Corporation (NYSE: MPC) Started as Outperform with $55 at Credit Suisse.
Murphy Oil Corporation (NYSE: MUR) Raised to Neutral at JPMorgan.
Myriad Genetics Inc. (NASDAQ: MYGN) Raised to Outperform as Bull of the Day at Zacks.
NetApp Inc. (NASDAQ: NTAP) Reiterated Buy with $68 target at Argus.
PetMed Express Inc. (NASDAQ: PETS) Maintained Underperform as Bear of the Day at Zacks.
Schnitzer Steel Industries Inc. (NASDAQ: SCHN) Reiterated Buy with $80 target at Canaccord Genuity.
Targa Resources Corporation (NYSE: TRGP) Started as Neutral with $34 target at CRedit Suisse.
Targa Resources Partners LP (NYSE: NGLS) Started as Outperform with $40 target at Credit Suisse.

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JON C. OGG