Top Analyst Upgrades and Downgrades (AXP, ARMH, COF, CSCO, DE, EMC, FB, HPQ, HUN, IBM, OKE, PM, S, VZ)

These are some of the top analyst upgrades, downgrades and initiations seen so far from Wall St, research calls this Monday:

American Express Co. (NYSE: AXP) cut to Neutral on valuation/price at Goldman Sachs.

ARM Holdings PLC (NASDAQ: ARMH) cut to Neutral at Piper Jaffray.

Capital One Financial Corp. (NYSE: COF) raised to Buy at Goldman Sachs.

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

Deere & Co. (NYSE: DE) raised to Neutral at J.P. Morgan.

Read also: 12 Stocks Expected to Rise 50% to 100% in 2013

EMC Corp. (NYSE: EMC) cut to Neutral at J.P. Morgan.

Facebook Inc. (NASDAQ: FB) raised to Buy at Deutsche Bank.

Hewlett-Packard Co. (NYSE: HPQ) raised to Neutral from Underweight at J.P. Morgan.

Huntsman Corp. (NYSE: HUN) cut to Market Perform at Wells Fargo.

International Business Machine Corp. (NYSE: IBM) cut to Neutral at J.P. Morgan.

ONEOK Inc. (NYSE: OKE) raised to Buy at Argus.

Philip Morris International Inc. (NYSE: PM) raised to Conviction Buy List at Goldman Sachs.

Sprint Nextel Corp. (NYSE: S) cut to Neutral at UBS.

Read also: The Best Biotech Stocks for 2013

Verizon Communications Inc. (NYSE: VZ) cut to Neutral at UBS.

UBS made a call in IT spending that is very cautious for 2013, but there are some expected winners as well.

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