Analyst calls: Apollo Group downgraded to 'neutral'
American Eagle is upgraded to 'buy,' and Crocs is initiated with an 'outperform.'
Tuesday's noteworthy upgrades include:
- Portugal Telecom (PT) upgraded to Outperform from Neutral at Macquarie
- Southern Copper (SCCO) upgraded to Overweight from Equal Weight at Morgan Stanley
- Vale (VALE) upgraded to Overweight from Equal Weight at Morgan Stanley
- Williams (WMB) upgraded to Buy from Neutral at UBS
- American Eagle (AEO) upgraded to Buy from Neutral at Lazard Capital
- Apollo Group (APOL) downgraded to Neutral from Outperform at Credit Suisse
- Bank of America (BAC) downgraded to Neutral from Outperform at RW Baird
- Buffalo Wild Wings (BWLD) downgraded to Hold from Buy at Deutsche Bank
- NetEase.com (NTES) downgraded to Neutral from Buy at Roth Capital
- STMicroelectronics (STM) downgraded to Hold from Buy at Societe Generale
- UBS (UBS) downgraded to Hold from Buy at ISI Group
- Activision Blizzard (ATVI) initiated with a Buy at Stifel Nicolaus
- Crocs (CROX) initiated with an Outperform at Wedbush
- Ctrip.com (CTRP) initiated with a Neutral at Macquarie
- Electronic Arts (EA) initiated with a Buy at Stifel Nicolaus
- Micron (MU) initiated with a Buy at Jefferies
- ProLogis (PLD) initiated with an Underperform at Imperial Capital
- Starbucks (SBUX) initiated with an Overweight at Atlantic Equities
- Yum! Brands (YUM) initiated with an Overweight at Atlantic Equities
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Geopolitical crises are taking a toll on stocks as we head into the seasonally weak month of August.
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