Top Analyst Upgrades & Downgrades (AKS, CLS, IART, CPST, CEDC, INTC, LVS, LBTYA, MU, ORCL, MSFT, AAPL, VLO)
AK Steel Holding Corporation (NYSE: AKS) Cut to Neutral at UBS.
Celestica Inc. (NYSE: CLS) Cut to Hold at Argus.
Integra LifeSciences Holding Corporation (NASDAQ: IART) Raised to Buy at Argus.
Capstone Turbine Corp. (NASDAQ: CPST) Cut to Market Perform at FBR Capital Markets.
Central European Distribution Corp. (NASDAQ: CEDC) Raised to Neutral at Credit Suisse
Intel Corporation (NASDAQ: INTC) Reiterated Buy with $34 target at Argus.
Las Vegas Sands Corp. (NYSE: LVS) Reiterated Buy with $64 target at Argus.
Micron Technology Inc. (NASDAQ: MU) Reiterated Outperform with $12 target at Credit Suisse ahead of earnings and the report notes: “While improvements in DRAM profitability and a 2nd consecutive quarter of solid free cash flow will likely act as positive catalysts for the stock, we suspect more clarity regarding Elpida’s capacity is needed before shares approach our target price.”
Oracle Corporation (NASDAQ: ORCL) Maintained Outperform with $40 target at Credit Suisse; Maintained Hold with $30 target at Canaccord Genuity.
Microsoft Corporation (NASDAQ: MSFT) Reiterated Outperform with $38 target at Credit Suisse; Jefferies says that its tablet is not likely a threat to Apple Inc. (NASDAQ: AAPL) dominance unless it severely undercuts it on price.
Valero Energy Corporation (NYSE: VLO) Raised to Buy at UBS.
Here are the six highly unusual analyst calls which moved stocks on Monday.
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JON C. OGG