Analyst calls: Apple upgraded
Wal-Mart and McDonald's are downgraded to 'hold,' and Intuitive Surgical is initiated with an 'outperform.'
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
- 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
- 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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Longtime market bull Jeremy Siegel says investors could realize the market is behind the curve on interest rates.
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