Analyst calls: Apple downgraded
Raymond James is upgrading solar stocks and JC Penney is downgraded to 'neutral.'
- Best Buy (BBY) upgraded to Buy from Hold at Jefferies
- IntercontinentalExchange (ICE) upgraded to Outperform from Market Perform at Keefe Bruyette
- Trina Solar (TSL) upgraded to Market Perform from Underperform at Raymond James
- SunPower (SPWR) upgraded to Market Perform from Underperform at Raymond James
- First Solar (FSLR) upgraded to Market Perform from Underperform at Raymond James
- Suntech (STP) upgraded to Market Perform from Underperform at Raymond James
- Discover (DFS) upgraded to Outperform from Market Perform at William Blair
- J.C. Penney (JCP) downgraded to Neutral from Buy at Citigroup
- Qualcomm (QCOM) downgraded to Buy from Conviction Buy at Goldman
- Bank of Nova Scotia (BNS) downgraded to Buy from Action List Buy at TD Securities
- Dendreon (DNDN) downgraded at ISI Group
- Qihoo 360 (QIHU) downgraded at Jefferies
- MasterCard (MA) downgraded to Hold from Buy at Argus
- Apple (AAPL) downgraded to Sell from Buy at Berenberg Bank
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Serious issues like drought and the deterioration of the developed world spell opportunity for this industry leader.
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