Top Analyst Upgrades & Downgrades (ABB, ALK, ACI, ARNA, AN, ADP, BOKF, BA, CCL, MRK, NFLX, PAYX, PM, RHT, RIMM, SNDK, WWWW)

Source: Jon Ogg
These are some of the top analyst upgrades, downgrades and initiations seen in Wall Street research calls this Monday.

ABB Ltd. (NYSE: ABB) Cut to Underweight at JPMorgan.

Alaska Air Group Inc. (NYSE: ALK) named as Value Stock of the Day at Zacks.

Arch Coal, Inc. (NYSE: ACI) named as Bear of the Day at Zacks.

Arena Pharmaceuticals (NASDAQ: ARNA) Cut to Market Perform at BMO.

AutoNation (NYSE: AN) Cut to Sell at Deutsche Bank.

Automatic Data Processing, Inc. (NASDAQ: ADP) Cut to Equal-weight at Barclays.

BOK Financial Corp. (NASDAQ: BOKF) named Bull of the Day at Zacks.

Boeing Co. (NYSE: BA) Raised to Outperform at Oppenheimer.

Carnival Corporation (NYSE: CCL) Maintained Neutral but raised target to $33 at Credit Suisse.

Merck & Co. (NYSE: MRK) Reiterated Outperform and Raised price target to $45 at Credit Suisse.

Netflix, INc. (NASDAQ: NFLX) Raised to Neutral from Sell at Janney.

Paychex, Inc. (NASDAQ: PAYX) Cut to Underweight at Barclays.

Philip Morris International Inc. (NYSE: PM) Maintained Buy but cut earnings estimates on currencies at Argus.

Red Hat, Inc. (NYSE: RHT) Started as Buy at Needham.

Research in Motion Ltd. (NASDAQ: RIMM) Cut to Underweight at Morgan Stanley; RIM lost one of its biggest champions and free advertising permanently on Friday night.

SanDisk Corporation (NASDAQ: SNDK) Raised to Buy at Goldman Sachs. Group, Inc. (NASDAQ: WWWW) Started as Buy at Citigroup.

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