Top Analyst Upgrades and Downgrades: Apple, BlackBerry, GE, IBM and More

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Investors and traders are dealing with the stress of a government shutdown and the upcoming debt ceiling debate. With such uncertainty, they also are wondering whether they should be buying or selling stocks. Each morning, 24/7 Wall St. reviews dozens of Wall Street analyst research reports with a goal of finding fresh ideas for investors and traders. It turns out that there are stocks to buy and some stocks to sell. These are this Monday’s top analyst upgrades, downgrades and initiations seen from Wall Street research firms.

ABB Ltd. (NYSE: ABB) was raised to Neutral from Underweight at J.P. Morgan.

Apple Inc. (NASDAQ: AAPL) was raised to Buy from Hold and the price target was raised to $600 from $425 at Jefferies.

AuRico Gold Inc. (NYSE: AUQ) was raised to Outperform from Neutral at Credit Suisse.

BlackBerry Ltd. (NASDAQ: BBRY) was to Neutral from Underperform at Macquarie.

Edison International Inc. (NYSE: EIX) was raised to Buy from Hold with a $57 price target (versus a $46.35 close) at Argus.

General Electric Co. (NYSE: GE) coverage resumed with a Neutral rating and a $26 price target (versus a $24.05 close) at Goldman Sachs.

International Business Machines Corp. (NYSE: IBM) was downgraded to Equal Weight from Overweight and the price target was cut to $190 from $215 (versus a $184.10 close) at Barclays, and it was reiterated as Underperform with $175 price target at Credit Suisse.

Paraxel International Corp. (NASDAQ: PRXL) was reiterated as Underperform with a $36 price target (versus a $51.07 close) at Sterne Agee.

PT Telekomunikasi Indonesia Tbk (NYSE: TLK) was downgraded to Neutral from Outperform at Credit Suisse.

Qualcomm Inc. (NASDAQ: QCOM) was downgraded to Neutral from Buy and was removed from the Focus 1 List at Bank of America Merrill Lynch.

Toll Brothers Inc. (NYSE: TOL) was downgraded to Neutral from Buy at Goldman Sachs, sending shares down 2% in early trading.

Umpqua Holding Corp. (NASDAQ: UMPQ) was raised to Buy from Neutral with a $19 price target (versus a $16.44 close) at Sterne Agee.