Top Analyst Upgrades & Downgrades (AFFX, BUD, ACI, CREE, DDS, DLTR, FINL, AWAY, IMAX, ITT, LH, LIFE, MAR, P, PSX, DGX, RIMM, TIF, SPY)

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

Affymetrix Inc. (NASDAQ: AFFX) Cut to Sell at Goldman Sachs.

Anheuser-Busch InBev (NYSE: BUD) Raised to Buy at Soc-Gen.

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

Cree Inc. (NASDAQ: CREE) Started as Underperform at BofA/ML.

Dillard’s Inc. (NYSE: DDS) named value stock of the day at Zacks.

Dollar Tree, Inc. (NASDAQ: DLTR) Cut to Hold at Deutsche Bank.

The Finish Line Inc. (NASDAQ: FINL) Reiterated Buy with $25 target at Canaccord Genuity.

HomeAway, Inc. (NASDAQ: AWAY) Raised to Outperform at Raymond James.

IMAX Corporation (NASDAQ: IMAX) Started as Overweight at JPMorgan.

ITT Corporation (NYSE: ITT) Raised to Buy at Janney.

Lab Corp of America (NYSE: LH) Raised to Neutral at Goldman Sachs.

Life Technologies Corporation (NASDAQ: LIFE) Cut to Sell at Goldman Sachs.

Marriott International (NYSE: MAR) named Bull of the Day at Zacks.

Pandora Media, Inc. (NYSE: P) Raised to Outperform at Raymond James.

Phillips 66 (NYSE: PSX) Raised to Buy at Deutsche Bank.

Quest Diagnostics Inc. (NYSE: DGX) Raised to Neutral at Goldman Sachs.

Research in Motion Ltd. (NASDAQ: RIMM) Cut to Sell at Soc-Gen.

Tiffany & Co. (NYSE: TIF) Raised to Buy with $63 target at Canaccord Genuity.

The SPDR S&P 500 (NYSEMKT: SPY) is indirectly targeted by UBS because the firm has lowered its S&P 500 year-end price target to 1,375 from 1,475.

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JON C. OGG