This was the first week after the holidays and many analyst calls were made this week with updated outlooks for 2012.  24/7 Wall St. saw many influential analyst calls this week with either long term ramifications or which caused big moves in the underlying stocks.

We have covered this in more detailed summaries below, but the following included the top stock upgrades, downgrades, and initiations seen in this last week: Altria Group Inc. (NYSE: MO); Angie’s List, Inc. (NASDAQ: ANGI); Apple Inc. (NASDAQ: AAPL); CIT Group Inc. (NYSE: CIT); Goldman Sachs Group Inc. (NYSE: GS); Green Mountain Coffee Roasters Inc. (NASDAQ: GMCR); Huntsman Corporation (NYSE: HUN); Krispy Kreme Doughnuts, Inc. (NYSE: KKD); Lululemon Athletica Inc. (NASDAQ: LULU); Nokia Corporation (NYSE: NOK); Sears Holdings Corporation (NASDAQ: SHLD); Urban Outfitters Inc. (NASDAQ: URBN); Verizon Communications Inc. (NYSE: VZ); Williams-Sonoma Inc. (NYSE: WSM); and Zhongpin, Inc. (NASDAQ: HOGS).

We have given a summary and notes on each below.

Altria Group Inc. (NYSE: MO) could be in for a 15% drop now that shares became overvalued per the Barron’s cover story to kick off 2012 and Davenport downgraded the stock also.

Angie’s List, Inc. (NASDAQ: ANGI) had a rough week after its quiet period ended from its late 2011 IPO.  The stock closed out 2011 at $16.10 and ended the week down at $13.23 for a loss of about 18%.  Analyst initiation summary as follows:

• Neutral with $18 target at BofA/ML;
• Sector Perform with $17 target at RBC;
• Perform with $16 target at Oppenheimer;
• Buy with $22 target at ThinkEquity;
• Buy with $21 target at Stifel Nicolaus;
• Buy with $19 target at Janney Capital Markets.

Apple Inc. (NASDAQ: AAPL) may have just been a reiterated call, but this was the $560 price target call from Canaccord Genuity. Apple’s price target was also lowered to $513 from $530 at Morgan Keegan.

CIT Group Inc. (NYSE: CIT) was noted as a “if, then” possible takeover candidate in a SunTrust Robinson Humphrey call this week that is frankly hard to agree with.

Read Also: The 24/7 Wall St. 2012 Model Dividend Portfolio

Goldman Sachs Group Inc. (NYSE: GS) was among the banking sector downgrades this week, although shares still managed to close on a positive note if you just compare the price to the prior Friday.  Meredith Whitney, Wells Fargo, and Credit Suisse all gave negative calls with downgrades or lower sales and earnings.