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Top Analyst Upgrades and Downgrades (ADT, ADTN, APOL, C, CSCO, DISCA, EQR, INTC, IBM, IP, MAA, MUR, NWSA, PSX, RYL, SON, S, TWX, TOL, DIS)

Jon C. Ogg

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

ADT Corp. (NYSE: ADT) started as Outperform with $45 target at Credit Suisse.

ADTRAN Inc. (NASDAQ: ADTN) raised to Neutral at Goldman Sachs.

Apollo Group Inc. (NASDAQ: APOL) cut to Neutral at BofA/ML.

Citigroup Inc. (NYSE: C) raised to Outperform at CLSA and reiterated as Sell at Argus.

Cisco Systems Inc. (NASDAQ: CSCO) cut to Hold at Cantor Fitzgerald.

Discovery Communications Inc. (NASDAQ: DISCA) started as Underperform at Credit Suisse.

Equity Residential (NYSE: EQR) raised to Outperform at Raymond James.

Intel Corp. (NASDAQ: INTC) maintained Outperform with $32 target at Credit Suisse.

International Business Machines Corp. (NYSE: IBM) cut to Neutral at Janney Capital and reiterated Neutral at Credit Suisse.

International Paper Co. (NYSE: IP) raised to Outperform as Bull of the Day with $45 target at Zacks.

Mid-America Apartment Communities Inc. (NYSE: MAA) raised to Strong Buy at Raymond James.

Murphy Oil Corp. (NYSE: MUR) cut to Equal Weight at Barclays.

News Corp. (NASDAQ: NWSA) started as Neutral at Credit Suisse.

Phillips 66 (NYSE: PSX) named as the value stock of the day at Zacks.

Ryland Group Inc. (NYSE: RYL) cut to Market Perform at Raymond James.

Sonoco Products Co. (NYSE: SON) cut to Neutral as Bear of the Day at Zacks.

Sprint Nextel Corp. (NYSE: S) raised to Buy with $7.50 target at Argus.

Time Warner Inc (NYSE: TWX) started as Outperform with $50 target at Credit Suisse.

Toll Brothers Inc. (NYSE: TOL) cut to Outperform at Raymond James.

Walt Disney Co. (NYSE: DIS) started as Outperform with $58 target at Credit Suisse.

JON C. OGG