Analyst calls: Apple upgraded
BlackBerry is downgraded to 'sell,' and Best Buy is initiated with an 'outperform.'
Monday's noteworthy upgrades include:
- Intercontinental Hotels (IHG) upgraded to Buy from Hold at Deutsche Bank
- Nokia (NOK) upgraded to Overweight from Underweight at JPMorgan
- Pandora (P) upgraded to Overweight from Equal Weight at Morgan Stanley
- Regeneron (REGN) upgraded to Overweight from Neutral at Piper Jaffray
- YRC Worldwide (YRCW) upgraded to Buy from Hold at BB&T
- PetroChina (PTR) upgraded to Overweight from Equal Weight at Morgan Stanley
- Intuit (INTU) upgraded at Raymond James
- MGM Resorts (MGM) upgraded to Buy from Neutral at Janney Capital
- Steel Dynamics (STLD) upgraded to Outperform from Market Perform at Wells Fargo
- Tyco (TYC) upgraded at Morgan Stanley
- Abbott (ABT) upgraded to Outperform from Neutral at Cowen
- Big Lots (BIG) upgraded to Buy from Neutral at MKM Partners
- F5 Networks (FFIV) upgraded to Buy from Hold at Needham
- Apple (AAPL) upgraded to a Strong Buy from Outperform at Raymond James
- Marvell (MRVL) upgraded to Buy from Neutral at Lazard Capital
- 3M Company (MMM) downgraded to Equal Weight from Overweight at Morgan Stanley
- Banco Bilbao (BBVA) downgraded to Underweight from Neutral at JPMorgan
- BlackBerry (BBRY) downgraded to Sell from Hold at Deutsche Bank, and to Equal Weight from Overweight at Morgan Stanley
- HollyFrontier (HFC) downgraded to Underweight from Neutral at JPMorgan
- Marathon Petroleum (MPC) downgraded to Underweight from Neutral at JPMorgan
- Valero Energy (VLO) downgraded to Underweight from Neutral at JPMorgan
- AK Steel (AKS) downgraded to Market Perform from Outperform at Wells Fargo
- Barrick Gold (ABX) downgraded to Underperform from Market Perform at BMO Capital
- Broadcom (BRCM) downgraded to Neutral from Buy at Lazard Capital
- Best Buy (BBY) initiated with an Outperform at Credit Suisse
- News Corp. (NWSA) initiated with an Outperform at Wells Fargo
- Regal-Beloit (RBC) initiated with a Neutral at Goldman
- Inland Real Estate (IRC) initiated with a Neutral at BofA/Merrill
- Express Scripts (ESRX) initiated with a Buy at Monness Crespi
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It's the second-biggest shopping season of the year, although the total amount spent is expected to drop from last year.
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