Analyst calls: AOL upgraded
Cliffs Natural is both upgraded and downgraded, and General Mills is upgraded to 'buy.'
Wednesday's noteworthy upgrades include:
- AOL (AOL) upgraded to Overweight from Equal Weight at Barclays
- Atlantic Power (AT) upgraded to Market Perform from Underperform at BMO Capital and upgraded to Sector Perform from Underperform at Scotia Capital
- Buffalo Wild Wings (BWLD) upgraded to Hold from Sell at Feltl
- Cliffs Natural (CLF) upgraded to Neutral from Sell at Goldman
- DSW (DSW) upgraded to Buy from Neutral at Citigroup
- F5 Networks (FFIV) upgraded to Buy from Hold at McAdams Wright
- General Mills (GIS) upgraded to Buy from Hold at Argus
- PG&E (PCG) upgraded to Outperform from Market Perform at Bernstein
- VMware (VMW) upgraded to Strong Buy from Buy at ISI Group
Wednesday's noteworthy downgrades include:
- Apollo Group (APOL) downgraded to Market Perform from Outperform at Wells Fargo
- Cliffs Natural (CLF) downgraded to Underweight from Equal Weight at Morgan Stanley
- Ingersoll-Rand (IR) downgraded to Neutral from Overweight at JPMorgan
- Syngenta (SYT) downgraded to Neutral from Overweight at HSBC
Wednesday's noteworthy initiations include:
- Cabot Oil & Gas (COG) initiated with a Hold at Topeka
- MasTec (MTZ) initiated with a Buy at Lazard Capital
- Oasis Petroleum (OAS) initiated with a Hold at Topeka
- Palo Alto (PANW) initiated with a Buy at Needham
- Pioneer Natural (PXD) initiated with a Buy at Topeka
- Rackspace (RAX) initiated with an Underperform at CLSA
- Salesforce.com (CRM) initiated with an Overweight at Stephens
- The Medicines Co. (MDCO) initiated with a Buy at Guggenheim
- Western Digital (WDC) initiated with an Outperform at RBC Capital
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The expected $3.36 billion offering from Citizens Financial Group won't come close to Alibaba's, but it will be an important one for the market.
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