Top Analyst Upgrades and Downgrades (NLY, CSH, CIEN, CRUS, DE, LLY, FSLR, JPM, HP, PETM, PSX, PHM, SNDK)

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

Annaly Capital Management Inc. (NYSE: NLY) cut to Underperform at Wells Fargo.

Cash America Inc. (NYSE: CSH) raised to Buy at Janney Capital.

Ciena Corp. (NASDAQ: CIEN) raised to Buy at Jefferies.

Cirrus Logic Inc. (NASDAQ: CRUS) started as Buy with $35 target at Canaccord Genuity.

Deere Inc. (NYSE: DE) raised to Overweight at Piper Jaffray.

Eli Lilly & Co. (NYSE: LLY) cut to Underperform at Jefferies.

First Solar Inc. (NASDAQ: FSLR) maintained Hold but cut target down to $15 ahead of earnings by Canaccord Genuity.

J.P. Morgan Chase & Co. (NYSE: JPM) cut to Hold at Deutsche Bank.

Helmerich & Payne (NYSE: HP) raised to Buy with $62 target at Canaccord Genuity.

PetSmart Inc. (NASDAQ: PETM) cut to Neutral at Nomura.

Phillips 66 (NYSE: PSX) raised to Overweight at Barclays.

PulteGroup (NYSE: PHM) cut to Neutral at Citigroup.

SanDisk Corp. (NASDAQ: SNDK) started as Hold at Jefferies.