Top Analyst Upgrades and Downgrades (AMGN, ARMH, BBVA, CHTR, CMCSA, GLW, DTV, DO, DISH, ET, FE, JCP, LRCX, LIFE, LNKD, PBF, SCHS, SLB, SYMC, TIF, TWC, WCC)
Amgen Inc. (NASDAQ: AMGN) cut to Neutral at Credit Suisse.
ARM Holdings PLC (NASDAQ: ARMH) cut to Hold at Benchmark.
Banco Bilbao Vizcaya Argentaria S.A. (NYSE: BBVA) cut to Hold at Deutsche Bank.
Charter Communications Inc. (NASDAQ: CHTR) started as Outperform with $90 target at Credit Suisse.
Comcast Corp. (NASDAQ: CMCSA) started as Neutral at Credit Suisse.
Corning Inc. (NYSE: GLW) maintained Buy with $15 target but cautious earnings comments from BofA/Merrill Lynch.
DirecTV (NASDAQ: DTV) at Neutral at Credit Suisse.
Diamond Offshore Drilling Inc. (NYSE: DO) cut to Neutral at Credit Suisse.
DISH Network Corp. (NASDAQ: DISH) started as Outperform with $43 target at Credit Suisse.
Exact Target Inc. (NYSE: ET) started as Outperform with $30 target at Credit Suisse.
First Energy (NYSE: FE) cut to Underperform at Jefferies.
J.C. Penney Co. Inc. (NYSE: JCP) maintained Buy with $35 target at Argus.
Lam Research Corp. (NASDAQ: LRCX) reiterated Underperform with $32 target at BofA/Merrill Lynch.
Life Technologies Corp. (NASDAQ: LIFE) cut to Market Perform at William Blair.
LinkedIn Corp. (NYSE: LNKD) started as Neutral at Stern Agee.
PBF Energy Inc. (NYSE: PBF) started as Outperform with $35 target at Credit Suisse.
School Specialty Inc. (NASDAQ: SCHS) raised to Outperform as Bull of the Day at Zacks.
Schlumberger Ltd. (NYSE: SLB) reiterated Buy and raised target from $85 to $90 at Argus.
Symantec Corp. (NASDAQ: SYMC) maintained Neutral but raised target to $21.50 from $20 at BofA/Merrill Lynch.
Tiffany & Co. (NYSE: TIF) maintained Underperform and named Bear of the Day at Zacks.
Time Warner Cable Inc. (NYSE: TWC) started as Outperform with $114 target at Credit Suisse.
Wesco International Inc. (NYSE: WCC) raised to Outperform with target moving up to $84 at Credit Suisse.
Goldman Sachs has issued a very favorable 2013 outlook for major media stocks.