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