These are some of this Tuesday’s top analyst upgrades, downgrades and initiations seen from Wall St. research calls.
Aeropostale Inc. (NYSE: ARO) named Bear of the Day as expensive even after shares are down 50% from last year at Zacks.
Altria Group Inc. (NYSE: MO) cut to Neutral at BofA/Merrill Lynch.
Archer Daniels Midland Co. (NYSE: ADM) cut to Market Perform at BMO.
Atmel Corp. (NASDAQ: ATML) cut to Market Perform at FBR.
Colgate-Palmolive Co. (NYSE: CL) cut to Neutral at BofA Merrill Lynch.
CVR Refining L.P. (NYSE: CVRR) started as Neutral at Credit Suisse, started as Buy at UBS, started as Neutral at Citigroup and started as Equal Weight at Barclays.
Dendreon Corp. (NASDAQ: DNDN) maintained Neutral but raised price target to $6 from $4 at Credit Suisse.
International Gaming (NYSE: IGT) named Bull of the Day at Zacks.
International Paper Co. (NYSE: IP) started as Buy at Jefferies.
Lowe’s Companies Inc. (NYSE: LOW) maintained Buy with $44 price target at Argus.
LSI Corp. (NASDAQ: LSI) cut to Market Perform at FBR.
Lululemon Athletica Inc. (NASDAQ: LULU) started as Outperform at Cowen.
Nike Inc. (NYSE: NKE) started as Outperform at Cowen.
ONEOK Partners L.P. (NYSE: OKS) cut to Neutral at Credit Suisse.
SanDisk Corp. (NASDAQ: SNDK) raised to Outperform at RBC.
Telefonica S.A. (NYSE: TEF) raised to Market Perform at Bernstein.
TRI Pointe Homes Inc. (NYSE: TPH) was started yesterday by others but was initiated as Buy at Citigroup.
YUM! Brands Inc. (NYSE: YUM) reiterated Hold but lowered 2013 earnings estimates by 15% at Argus.
Credit Suisse on the Cheniere plays: Cheniere Energy Partners L.P. (NYSEMKT: CQP) maintained Outperform but raised target to $29 from $25; Cheniere Energy Inc. (NYSEMKT: LNG) reiterated Outperform and raised target to $33 from $25 with long-term value possibly $48 if all plans come to fruition.
BofA/Merrill Lynch has resumed coverage of the public exchanges in a post-NYSE world (full summary).
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