Analyst calls: Home Depot downgraded

Abercrombie is upgraded to 'overweight,' and American Eagle is downgraded to 'neutral.'

By MSN Money Partner Oct 10, 2012 11:09AM
logoStock market copyright Zurbar, age fotostockInformation provided by Theflyonthewall.com 

Wednesday's noteworthy initiations include: 

McGraw-Hill (MHP) initiated with an Overweight at Barclays
Moody's (MCO) initiated with an Equal Weight at Barclays 
IMAX (IMAX) initiated with Outperform at Credit Suisse
Discover (DFS) initiated with a Buy at Janney Capital

Wednesday's noteworthy upgrades include: 

Abercrombie & Fitch (ANF) upgraded to Overweight from Neutral at Piper Jaffray
Dollar Tree (DLTR) upgraded to Outperform from Market Perform at Wells Fargo
Ralph Lauren (RL) upgraded to Overweight from Neutral at Piper Jaffray 
Qualcomm (QCOM) upgraded to Outperform from Neutral at Exane BNP Paribas
Shutterfly (SFLY) upgraded to Buy from Hold at Cantor
Yum! Brands (YUM) upgraded to Buy from Outperform at CLSA 

Wednesday's noteworthy downgrades include: 

American Eagle (AEO) downgraded to Neutral from Overweight at Piper Jaffray
Fifth Third Bancorp (FITB) downgraded to Neutral from Buy at BofA/Merrill
Home Depot (HD) downgraded to Perform from Outperform at Oppenheimer  
U.S. Bancorp (USB) downgraded to Neutral from Buy at BofA/Merrill 
Zynga (ZNGA) downgraded to Neutral from Overweight at Piper Jaffray 
Qualcomm (QCOM) downgraded to Neutral from Buy at DA Davidson
Viacom (VIA) downgraded to Underperform from Market Perform at Bernstein
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