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

Advanced Micro Devices Inc. (NYSE: AMD) raised to Neutral from Sell at Goldman Sachs.

Amgen Inc. (NASDAQ: AMGN) raised to Buy at UBS.

Apple Inc. (NASDAQ: AAPL) started as Buy at Monness Crespi Hardt.

Ariad Pharmaceuticals Inc. (NASDAQ: ARIA) raised to Buy at BofA/ML.

AstraZeneca PLC (NYSE: AZN) cut to Underperform at BofA/ML.

Biogen Idec Inc. (NASDAQ: BIIB) cut to Neutral at UBS.

Celgene Corp. (NASDAQ: CELG) cut to Neutral at UBS.

Dell Inc. (NASDAQ: DELL) started as Buy at Monness Crespi Hardt.

Ericsson (NASDAQ: ERIC) cut to Neutral at UBS.

Fifth Third Bancorp (NASDAQ: FITB) cut to Perform at Oppenheimer.

Intel Corp. (NASDAQ: INTC) maintained Outperform with $32 target but lowered sales and margin estimates at Credit Suisse.

International Paper Co. (NYSE: IP) cut to Hold at Deutsche Bank.

Itron Inc. (NASDAQ: ITRI) started as Buy at BofA/ML.

Koninklijke Philips Electronics N.V. (NYSE: PHG) cut to Neutral at Goldman Sachs.

Lululemon Athletica Inc. (NASDAQ: LULU) maintained Hold at Argus.

NRG Energy Inc. (NYSE: NRG) raised to Buy at Goldman Sachs.

Panera Bread Co. (NASDAQ: PNRA) named Bull of the Day at Zacks.

PNC Financial Corp. (NYSE: PNC) raised to Outperform at Oppenheimer.

Progressive Corp. (NYSE: PGR) named Bear of the Day at Zacks.

Sanofi (NYSE: SNY) raised to Buy at BofA/ML.

Seagate Technology PLC (NASDAQ: STX) cut to Hold at Argus.

Sprint Nextel Corp. (NYSE: S) raised to Buy at Nomura.

Goldman Sachs removed Wells Fargo & Co. (NYSE: WFC) from the Conviction Buy List but maintained a formal Buy rating on the bank. Wells Fargo was replaced by Regions Financial Corp. (NYSE: RF).

JON C. OGG

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