Analyst calls: BP upgraded
Meanwhile, smaller rival ConocoPhillips is downgraded to 'hold.'
Thursday's noteworthy upgrades include:
- EMC (EMC) upgraded to Overweight from Neutral at JP Morgan
- BP (BP) upgraded to Buy from Hold at Jefferies
- Urban Outfitters (URBN) upgraded to Neutral from Underperform at Wedbush
Thursday's noteworthy downgrades include:
- Covidien (COV) downgraded to Neutral from Buy at Goldman
- Encana (ECA) downgraded to Underperform from Neutral at BofA/Merrill
- ConocoPhillips (COP) downgraded to Hold from Buy at Jefferies
- Williams-Sonoma (WSM) downgraded to Neutral from Overweight at Piper Jaffray
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