Top Analyst Upgrades and Downgrades (AFL, BAC, CMA, DNKN, JCP, KEY, LYG, M, MET, MON, NFLX, PCG, RL, RYAAY, SON, SYY, TTM, URBN, DG, FDO)
AFLAC Inc. (NYSE: AFL) started as Hold at Deutsche Bank.
Comerica Inc. (NYSE: CMA) cut to Perform at Oppenheimer.
Dunkin’ Brands Group Inc. (NASDAQ: DNKN) raised to Buy at Janney.
J.C. Penney Company Inc. (NYSE: JCP) cut to Neutral at Macquarie.
KeyCorp (NYSE: KEY) raised to Outperform at Oppenheimer.
Lloyds Banking Group PLC (NYSE: LYG) raised to Buy at UBS.
Macy’s Inc. (NYSE: M) cut to Neutral at Macquarie.
MetLife Inc. (NYSE: MET) started as Hold at Deutsche Bank.
Monsanto Co. (NYSE: MON) reiterated Buy and raised target to $114 at Argus.
Netflix Inc. (NASDAQ: NFLX) maintained Underperform but raised target to $68 from $60 at BofA/Merrill Lynch.
PG&E Corp. (NYSE: PCG) raised to Buy at Jefferies.
Ralph Lauren Corp. (NYSE: RL) raised to Outperform at Macquarie.
Ryanair Holdings PLC (NASDAQ: RYAAY) reiterated Buy and raised target (to 6.50 euro local currency) at BofA/Merrill Lynch.
Sonoco Products Co. (NYSE: SON) cut to Underweight at J.P. Morgan.
Sysco Corp. (NYSE: SYY) cut to Underweight at Morgan Stanley.
Tata Motors Ltd. (NYSE: TTM) raised to Outperform with about 25% upside in local currency terms by Credit Suisse.
Urban Outfitters Inc. (NASDAQ: URBN) raised to Neutral at Macquarie.
Dividend (or payout) investors look out: Credit Suisse made major changes to its master limited partnership sector outlook for 2013 with key upgrades and downgrades (FULL RESEARCH SUMMARY).