Analyst calls: IBM downgraded to 'neutral'

Citigroup is upgraded to 'outperform,' and Apollo Group is downgraded to 'neutral.'

By MSN Money Partner Oct 17, 2012 12:03PM
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Wednesday's noteworthy upgrades include:
  • Equity Residential (EQR) upgraded to Outperform from Market Perform at Raymond James
  • Murphy Oil (MUR) upgraded to Buy from Hold at Brean Capital
  • Citigroup (C) upgraded to Outperform from Underperform at CLSA
  • Sprint (S) upgraded to Buy from Hold at Argus
stock marketWednesday's noteworthy downgrades include:
  • American Tower (AMT) downgraded to Equal Weight from Overweight at Barclays
  • Apollo Group (APOL) downgraded to Neutral from Buy at BofA/Merrill
  • Cisco (CSCO) downgraded to Hold from Buy at Cantor
  • IBM (IBM) downgraded to Neutral from Buy at Janney Capita
  • Murphy Oil (MUR) downgraded to Equal Weight from Overweight at Barclays
  • Texas Instruments (TXN) downgraded to Underperform from Neutral at Longbow
  • Toll Brothers (TOL) downgraded to Outperform from Strong Buy at Raymond James
  • PNC Financial (PNC) downgraded to Hold from Buy at Stifel Nicolaus
  • Simon Property (SPG) downgraded to In-Line from Outperform at Imperial Capital
Wednesday's noteworthy initiations include:
  • Mellanox (MLNX) initiated with a Market Perform at JMP Securities
  • Xylem (XYL) initiated with a Neutral at DA Davidson
  • Airgas (ARG) initiated with a Neutral at Susquehanna
  • FXCM (FXCM) initiated with a Buy at BGB Securities
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