Top Analyst Upgrades and Downgrades (ALGN, AMGN, C, DYN, FDX, MFRM, MDLZ, NKE, OPEN, ORCL, POT, MOS, PB, STX, TTWO, TEVA, UA, VOLC, YELP)

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By Jon C. Ogg Updated Published
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These are some of the top analyst upgrades, downgrades and initiations seen in Wall St. research calls this Wednesday.

Align Technology Inc. (NASDAQ: ALGN) cut to Underperform as Bear of the Day at Zacks.

Amgen Inc. (NASDAQ: AMGN) raised to Outperform Bull of the Day at Zacks.

Citigroup Inc. (NYSE: C) reiterated Outperform with $48 target at Credit Suisse.

Dynegy Inc. (NYSE: DYN) started as Accumulate at Tudor Pickering.

FedEx Corp. (NYSE: FDX) cut to Outperform at Raymond James.

Mattress Firm Holding Corp. (NASDAQ: MFRM) started as Buy at Citigroup.

Mondelez International Inc. (NASDAQ: MDLZ) cut to Hold at Argus.

Nike Inc. (NYSE: NKE) started as Neutral at J.P. Morgan.

OpenTable Inc. (NASDAQ: OPEN) started as Overweight with $53 target at J.P. Morgan.

Oracle Corp. (NASDAQ: ORCL) reiterated Outperform with $40 target at Credit Suisse as it said, “Headwinds Fading … So, Jump on Board!” (That was its snapshot analysis.)

Potash Corp. of Saskatchewan Inc. (NYSE: POT) and Mosaic Co. (NYSE: MOS) were both resumed with Buy ratings by Goldman Sachs.

Prosperity Bancshares Inc. (NYSE: PB) raised to Outperform at Baird.

Seagate Technology PLC (NASDAQ: STX) cut to Underweight at J.P. Morgan.

Take-Two Interactive Software Inc. (NASDAQ: TTWO) raised to Overweight with $18 target at Piper Jaffray.

Teva Pharmaceutical Industries Ltd. (NYSE: TEVA) cut to Market Perform at Leerink Swann after its investor day guidance.

Under Amour Inc. (NYSE: UA) started as Underweight at J.P. Morgan.

Volcano Corp. (NASDAQ: VOLC) cut to Neutral at Credit Suisse.

Yelp Inc. (NYSE: YELP) started as Neutral at J.P. Morgan.

Here are some other outlook pieces for the end of 2012 and 2013:

JON C. OGG

Photo of Jon C. Ogg
About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.

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