Analyst calls: Apple downgraded

Raymond James is upgrading solar stocks and JC Penney is downgraded to 'neutral.'

By MSN Money Partner Mar 6, 2013 1:20PM
fly logoWednesday's noteworthy upgrades include:
  • Best Buy (BBY) upgraded to Buy from Hold at Jefferies
  • IntercontinentalExchange (ICE) upgraded to Outperform from Market Perform at Keefe Bruyette
  • Trina Solar (TSL) upgraded to Market Perform from Underperform at Raymond James
  • SunPower (SPWR) upgraded to Market Perform from Underperform at Raymond James
  • First Solar (FSLR) upgraded to Market Perform from Underperform at Raymond James
  • Suntech (STP) upgraded to Market Perform from Underperform at Raymond James
  • Discover (DFS) upgraded to Outperform from Market Perform at William Blair
Wednesday's noteworthy downgrades include:
  • stock market comstockJ.C. Penney (JCP) downgraded to Neutral from Buy at Citigroup
  • Qualcomm (QCOM) downgraded to Buy from Conviction Buy at Goldman
  • Bank of Nova Scotia (BNS) downgraded to Buy from Action List Buy at TD Securities
  • Dendreon (DNDN) downgraded at ISI Group
  • Qihoo 360 (QIHU) downgraded at Jefferies
  • MasterCard (MA) downgraded to Hold from Buy at Argus
  • Apple (AAPL) downgraded to Sell from Buy at Berenberg Bank
Wednesday's noteworthy initiations include:
  • Agilent (A) initiated with an Outperform at Leerink
  • FedEx (FDX) initiated with an Outperform at Oppenheimer
  • UPS (UPS) initiated with an Outperform at Oppenheimer
  • VIVUS (VVUS) initiated with an Overweight at Piper Jaffray
  • Covidien (COV) initiated with an Overweight at Atlantic Equities
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