Top Analyst Upgrades & Downgrades (AEO, AAPL, ARBA, BHP, CASY, CHU, FFIV, GOL, HPQ, KMT, ODFL, SAP, GAME, SILC, SPRD, SNCR)

Jon C. Ogg

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

American Eagle Outfitters, Inc. (NYSE: AEO) Raised to Neutral from Sell at Lazard.
Apple Inc. (NASDAQ: AAPL) Maintained Overweight at JPMorgan; Maintained Outperform at Credit Suisse; Maintained Buy at BofA/ML.
Ariba Inc. (NASDAQ: ARBA) Reiterated Hold at Argus.
BHP Billiton Ltd. (NYSE: BHP) Raised to Buy at Societe Generale.
Casey’s General Stores Inc. (NASDAQ: CASY) Raised to Buy at BofA/ML.
China Unicom (NYSE: CHU) Raised to Outperform at Credit Suisse.
F5 Networks, Inc. (NASDAQ: FFIV) Raised to Buy at Stifel Nicolaus.
Gol Linhas Aereas (NYSE: GOL) named Bear of the Day at Zacks.
Hewlett-Packard Co. (NYSE: HPQ) Cut to Sector Perform at RBC.
Kennametal Inc. (NYSE: KMT) Started as Outperform at Credit Suisse.
Old Dominion Freight Line, Inc. (NASDAQ: ODFL) named Value stock of the day at Zacks.
SAP AG (NYSE: SAP) Started as Buy at RBS.
Shanda Games Limited (NASDAQ: GAME) Raised to Buy at Deutsche Bank.
Silicom, Ltd. (NASDAQ: SILC) named Bull of the Day at Zacks.
Spreadtrum Communications Inc. (NASDAQ: SPRD) Reiterated Buy and Raised target to $25 at BofA/ML.
Synchronoss Technologies, Inc. (NASDAQ: SNCR) Raised to Outperform at Baird.

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