Top Analyst Upgrades and Downgrades (ADTN, ALKS, CBS, CSCO, GLW, DCI, ERJ, INCY, JNPR, MJN, MDT, REGN, SAP, LUV, VVUS, YUM, ZLTQ)
ADTRAN Inc. (NASDAQ: ADTN) cut to Sell at UBS but raised to Neutral at Citigroup.
Alkermes PLC (NASDAQ: ALKS) started as Neutral at Credit Suisse.
CBS Corp. (NYSE: CBS) raised to Outperform at Wedbush.
Cisco Systems Inc. (NASDAQ: CSCO) cut to Underweight at J.P. Morgan.
Corning Inc. (NYSE: GLW) cut to Sector Perform at RBC.
Donaldson Co. (NYSE: DCI) raised to Buy with $41 target at Bank of America/Merrill Lynch.
Embraer S.A. (NYSE: ERJ) cut to Underperform and named Bear of the Day at Zacks.
Incyte Corp. (NASDAQ: INCY) maintained Buy with $25 target but raised earnings estimates to breakeven in 2013 at Argus.
Juniper Networks Inc. (NYSE: JNPR) raised to Overweight at J.P. Morgan.
Mead Johnson Nutrition Co. (NYSE: MJN) cut to Neutral at J.P. Morgan.
Medtronic Inc. (NYSE: MDT) raised to Outperform with $50 target at Credit Suisse.
Regeneron Pharmaceuticals Inc. (NASDAQ: REGN) cut to Hold at Brean.
SAP A.G. (NYSE: SAP) cut to Neutral at Citigroup.
Southwest Airlines Co. (NYSE: LUV) raised to Outperform and named as Bear of the Day at Zacks.
VIVUS Inc. (NASDAQ: VVUS) cut to Sell at Brean.
Yum! Brands Inc. (NYSE: YUM) cut to Hold at Argus.
Zeltiq Aesthetics (NASDAQ: ZLTQ) maintained Buy but cut target to $7.50 at Canaccord Genuity.