These are some of the top analyst upgrades, downgrades and initiations seen in Wall St. research calls this Monday.
Apple Inc. (NASDAQ: AAPL) cut to Neutral and target cut to $575 from $675 at Citi, and maintained Buy but cut price target to $750 from $800 at Canaccord Genuity.
Baker Hughes Inc. (NYSE: BHI) cut to Equal Weight at Morgan Stanley.
Becton, Dickinson and Co. (NYSE: BDX) started as Underperform at BofA/ML.
Cepheid (NASDAQ: CPHD) started as Buy with $40 target at BoA/ML.
Cerner Corp. (NASDAQ: CERN) started as Buy with $89 target at Argus.
Finish Line Inc. (NASDAQ: FINL) cut to Hold at Canaccord Genuity.
Molycorp Inc. (NYSE: MCP) started as Neutral at Goldman Sachs.
Qiagen N.V. (NASDAQ: QGEN) started as Neutral at BofA/ML.
SandRidge Energy Inc. (NYSE: SD) cut to Sell with $4 target at Canaccord Genuity.
SAP A.G. (NYSE: SAP) raised to Market Perform at JMP Securities.
Texas Instruments Inc. (NASDAQ: TXN) cut to Underperform at Stern Agee.
Travelers Companies Inc. (NYSE: TRV) raised to Top Pick with $87 target at RBC.
Unilever N.V. (NYSE: UN) raised to Neutral from Underperform at Credit Suisse.
USANA Health Sciences Inc. (NYSE: USNA) cut to Hold at Canaccord Genuity.
USG Corp. (NYSE: USG) raised to Top Pick at RBC.
YY Inc. (NASDAQ: YY) started as Sector Perform at Pac-Crest, started as Buy at Citi and started as Overweight at Morgan Stanley.
Here are some other outside (and internal) outlook pieces for the end of 2012 and 2013:
- Coal could be a top performer in 2013 after two really bad years.
- Fortune’s Top 10 Stocks to Buy for 2013
- BofA’s 10 Defensive and Yield Stock Picks for 2013
- The Big Gold Trade: 2013 Pairing Gold Versus Miners
- S&P 500 Upside Targets for 2013, from Everyone
- Our own Alternative Energy and Cleantech Outlook for 2013
JON C. OGG