Top Analyst Upgrades and Downgrades (BRCM, CAVM, CVX, CONN, CPA, ERIC, GOOG, HSY, IP, MPEL, MRK, RIMM, STJ, UTI, VOD, WMT, YHOO, DB, CS)

Broadcom Corp. (NASDAQ: BRCM) reiterated Buy with $46 target at Argus.

Cavium Inc. (NASDAQ: CAVM) reiterated Buy with $42 price target at Argus.

Chevron Corp. (NYSE: CVX) cut to Neutral at UBS.

Conn’s Inc. (NASDAQ: CONN) named Bull of the Day at Zacks.

Copa Holdings S.A. (NYSE: CPA) started as Outperform at Credit Suisse.

Ericsson (NASDAQ: ERIC) raised to Conviction Buy List from Neutral at Goldman Sachs.

Google Inc. (NASDAQ: GOOG) cut to Market Perform at BMO.

Hershey Co. (NYSE: HSY) removed from Conviction Buy List and cut to Neutral at Goldman Sachs.

International Paper Co. (NYSE: IP) reiterated Buy and raised target to $48 from $42 at Argus.

Melco Crown Entertainment Ltd. (NASDAQ: MPEL) raised to Hold at Jefferies.

Merck & Co. (NYSE: MRK) cut to Underweight from Equal Weight at Morgan Stanley.

Research In Motion Ltd. (NASDAQ: RIMM), soon to be BlackBerry (NASDAQ: BBRY), raised to Buy with $22 price target at Bernstein.

St. Jude Medical Inc. (NYSE: STJ) raised to Outperform with $48 target at Credit Suisse.

Universal Technical Institute Inc. (NYSE: UTI) named Bear of the Day at Zacks.

Vodafone Group PLC (NASDAQ: VOD) cut to Neutral at Citigroup.

Wal-Mart Stores Inc. (NYSE: WMT) cut to Neutral at J.P. Morgan.

Yahoo! Inc. (NASDAQ: YHOO) raised to Buy at Stifel Nicolaus.

Canaccord Genuity is mixed on European banks: started coverage as Buy on Deutsche Bank (NYSE: DB) and started coverage as Hold on Credit Suisse Group (NYSE: CS).

If you want to know how capital inflows are impacting stocks, you better take a look. This is acting to drive stocks and is one part of why we are considering raising our 2013 DJIA target from 14,590.