Analyst calls: Wells Fargo downgraded

Hewlett-Packard is upgraded to 'buy,' and Citigroup initiates Internet stocks.

By MSN Money Partner Jul 10, 2013 12:23PM
fly logocomstockInformation provided by Theflyonthewall.com

Wednesday's noteworthy upgrades include:
  • Deutsche Bank (DB) upgraded to Outperform from Neutral at Credit Suisse
  • Digital Realty (DLR) upgraded to Outperform from Sector Perform at RBC Capital
  • Fortinet (FTNT) upgraded to Buy from Hold at Jefferies
  • Hewlett-Packard (HPQ) upgraded to Buy from Sell at Citigroup
  • Cliffs Natural (CLF) upgraded at BB&T



Wednesday's noteworthy downgrades include:
  • Bemis (BMS) downgraded to Neutral from Overweight at JPMorgan
  • Norfolk Southern (NSC) downgraded to Hold from Buy at Deutsche Bank
  • True Religion (TRLG) downgraded to Hold from Buy at Brean Capital
  • Wolverine World Wide (WWW) downgraded to Hold from Buy at KeyBanc
  • Nabors Industries (NBR) downgraded to Buy from Conviction Buy at Goldman
  • Wells Fargo (WFC) downgraded to Hold from Buy at Sandler O'Neil
  • PNC Financial (PNC) downgraded to Hold from Buy at Sandler O'Neill
Wednesday's noteworthy initiations include:
  • AOL (AOL) initiated with a Buy at Citigroup
  • Amazon.com (AMZN) initiated with a Buy at Citigroup
  • Facebook (FB) initiated with a Neutral at Citigroup
  • Google (GOOG) initiated with a Buy at Citigroup
  • LinkedIn (LNKD) initiated with a Neutral at Citigroup
  • Netflix (NFLX) initiated with a Neutral at Citigroup
  • OpenTable (OPEN) initiated with a Sell at Citigroup
  • Yahoo (YHOO) initiated with a Buy at Citigroup
  • Yelp (YELP) initiated with a Neutral at Citigroup
  • Zillow (Z) initiated with a Neutral at Citigroup
  • EBay (EBAY) initiated with a Buy at Citigroup
  • Baxter (BAX) initiated with an Outperform at Credit Suisse
  • Coach (COH) initiated with an Outperform at BMO Capital
  • Michael Kors (KORS) initiated with a Market Perform at BMO Capital
  • Gap (GPS) initiated with a Market Perform at Cowen
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