Top Analyst Upgrades and Downgrades (ALU, BAC, BIIB, CSCO, C, DMND, GS, JPM, MPEL, PDLI, PCLN, SPWR)

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By Jon C. Ogg Updated Published
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Bull and Bear

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

Alcatel-Lucent S.A. (NYSE: ALU) raised to Neutral from Sell at Credit Suisse.

Bank of America Corp. (NYSE: BAC) raised to Market Perform at JMP Securities.

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

Cisco Systems Inc. (NASDAQ: CSCO) raised to Outperform at RBC.

Citigroup Inc. (NYSE: C) raised to Market Perform at JMP Securities and raised to Buy at Stern Agee.

Diamond Foods Inc. (NASDAQ: DMND) named as Bear of the Day at Zacks.

Goldman Sachs Group Inc. (NYSE: GS) raised to Market Perform at JMP Securities.

J.P. Morgan Chase & Co. (NYSE: JPM) raised to Market Perform at JMP Securities and raised to Buy at Stern Agee.

Melco Crown Entertainment Ltd. (NASDAQ: MPEL) maintained Buy but raised to Conviction Buy List at Goldman Sachs.

PDL BioPharma Inc. (NASDAQ: PDLI) started as Neutral at Janney.

Priceline.com Inc. (NASDAQ: PCLN) raised to Buy at BofA/Merrill Lynch.

SunPower Corp. (NASDAQ: SPWR) raised to Buy at Lazard.

Here is how the DJIA will move up by more than 11% to 14,590 in 2013, and here is a list of the Five Most Undervalued DJIA Stocks for 2013.

Jefferies has made some changes to its Global Conviction List.

JON C. OGG

Contact [email protected] for any questions or corrections.

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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