Analyst calls: Hewlett-Packard upgraded
Novo Nordisk is downgraded to 'underweight,' and Verizon is upgraded to 'buy.'
Monday's noteworthy upgrades include:
- Best Buy (BBY) upgraded to Overweight from Neutral at JPMorgan
- Office Depot (ODP) upgraded to Buy from Hold at KeyBanc
- OfficeMax (OMX) upgraded to Buy from Hold at KeyBanc
- United Technologies (UTX) upgraded to Buy from Neutral at Citigroup
- ValueClick (VCLK) upgraded to Buy from Hold at Jefferies
- Verizon (VZ) upgraded to Buy from Neutral at Citigroup
- Vodafone (VOD) upgraded to Buy from Neutral at Citigroup
- AMD (AMD) upgraded to Outperform from Underperform at Macquarie
- Siemens (SI) upgraded to Buy from Neutral at BofA/Merrill
- Hewlett-Packard (HPQ) upgraded to Overweight from Equal Weight at Morgan Stanley
Monday's noteworthy downgrades include:
- Carnival (CCL) downgraded to Neutral from Outperform at Exane BNP Paribas
- J.M. Smucker (SJM) downgraded to Sell from Neutral at Goldman
- Kimberly Clark (KMB) downgraded to Sell from Neutral at Goldman
- Novo Nordisk (NVO) downgraded to Underweight from Neutral at JPMorgan
- Teva (TEVA) downgraded to Market Perform from Outperform at Wells Fargo
- Chesapeake (CHK) downgraded to Trim from Hold at Tudor Pickering
- Micron (MU) downgraded to Negative from Neutral at Susquehanna
Monday's noteworthy initiations include:
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The apparel chain takes a hard hit after blaming the weather for its quarterly sales decline. But cold temperatures don't explain the drop in full-year sales as well.
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