Analyst calls: Apple upgraded

Wal-Mart and McDonald's are downgraded to 'hold,' and Intuitive Surgical is initiated with an 'outperform.'

By MSN Money Partner Apr 25, 2012 11:04AM
Information provided by Theflyonthewall.com

Wednesday's noteworthy upgrades include:  
  • ARM Holdings (ARMH) upgraded to Hold from Underperform at Jefferies
  • Aeropostale (ARO) upgraded to Buy from Neutral at Janney Capital
  • Apple (AAPL) upgraded to Outperform from Sector Perform at Scotia Capital
  • Buffalo Wild Wings (BWLD) upgraded to Buy from Hold at Deutsche Bank
  • Fifth Third Bancorp (FITB) upgraded to Buy from Hold at Deutsche Bank
  • C.R. Bard (BCR) upgraded to Outperform from Market Perform at Raymond James
  • Domino's Pizza (DPZ) upgraded to Neutral from Underperform at BofA/Merrill
  • J.C. Penney (JCP) upgraded to Market Perform from Underperform at BMO Capital
  • STMicroelectronics (STM) upgraded to Buy from Hold at Societe Generale
  • US Steel (X) upgraded to Neutral from Underperform at Macquarie
Wednesday's noteworthy downgrades include:  
  • PPL Corp. (PPL) downgraded to Market Perform from Outperform at FBR Capital
  • Symantec (SYMC) downgraded to Sector Perform from Outperform at RBC Capital
  • Progressive (PGR) downgraded to Underweight from Equal Weight at Morgan Stanley
  • Wal-Mart (WMT) downgraded to Hold from Buy at Argus
  • McDonald's (MCD) downgraded to Hold from Buy at Argus
Wednesday's noteworthy initiations include:  
  • Baxter (BAX) initiated with an Outperform at Raymond James
  • Becton Dickinson (BDX) initiated with a Market Perform at Raymond James
  • Covidien (COV) coverage transferred with a Strong Buy at Raymond James
  • Intuitive Surgical (ISRG) initiated with an Outperform at Raymond James
  • KB Home (KBH) initiated with an In-Line at Imperial Capital
  • Vornado (VNO) initiated with an In-Line at Imperial Capital
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