Analyst calls: Cisco upgraded
Adobe is downgraded at 2 firms, while Applied Materials is upgraded to 'overweight.'
Wednesday's noteworthy upgrades include:
- Cisco (CSCO) upgraded to Outperform from Market Perform at BMO Capital
- Huntington Ingalls (HII) upgraded to Neutral from Sell at Goldman
- Marathon Petroleum (MPC) upgraded to Buy from Neutral at Goldman
- Tesoro (TSO) upgraded to Neutral from Sell at Goldman
- Applied Materials (AMAT) upgraded to Overweight from Equal Weight at Barclays
- Acme Packet (APKT) downgraded to Hold from Buy at Jefferies
- Adobe (ADBE) downgraded to Underperform from Market Perform at JMP Securities, and to Neutral from Overweight at Atlantic Equities
- ConocoPhillips (COP) downgraded to Sell from Neutral at Goldman
- Rockwell Collins (COL) downgraded to Sell from Neutral at Goldman
- Sinopec (SNP) downgraded to Buy from Conviction Buy at Goldman
- LivePerson (LPSN) downgraded to Neutral from Buy at Janney Capital
- Coventry Health (CVH) downgraded to Market Perform from Outperform at Leerink
- Wellpoint (WLP) downgraded to Market Perform from Outperform at Leerink
- Walgreen (WAG) downgraded to Neutral from Outperform at Macquarie
- Apollo Group (APOL) initiated with an Outperform at Wells Fargo
- Career Education (CECO) initiated with an Outperform at Wells Fargo
- DeVry (DV) initiated with an Outperform at Wells Fargo
- New Oriental Education (EDU) initiated with an Outperform at Wells Fargo
- Express (EXPR) initiated with a Buy at SunTrust
- Humana (HUM) initiated with a Buy at Cantor
- UnitedHealth (UNH) initiated with a Buy at Cantor
- Whole Foods (WFM) initiated with a Buy at Cantor
- Plains All American (PAA) initiated with a Buy at Janney Capital
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The company is planning a 10-for-1 split, which will cut its share price dramatically.
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