Analyst calls: Cisco upgraded

Adobe is downgraded at 2 firms, while Applied Materials is upgraded to 'overweight.'

By MSN Money Partner Jun 20, 2012 11:02AM
Information provided by Theflyonthewall.com

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
Wednesday's noteworthy downgrades include:  
  • 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
Wednesday's noteworthy initiations include:  
  • 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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