Analyst calls: Starbucks upgraded to 'buy'

Nasdaq is downgraded at 2 firms, and Dendreon is initiated with an 'underperform.'

By MSN Money Partner May 23, 2012 11:01AM
Information provided by Theflyonthewall.com

Wednesday's noteworthy upgrades:  
  • Aeropostale (ARO) upgraded to Outperform from In-Line at Imperial Capital 
  • Applied Materials (AMAT) upgraded to Neutral from Sell at Goldman 
  • Blackstone (BX) upgraded to Buy from Neutral at Sterne Agee 
  • Bunge (BG) upgraded to Outperform from Market Perform at BMO Capital 
  • Securities Intercontinental Exchange (ICE) upgraded to Buy from Hold at Deutsche Bank 
  • Starbucks (SBUX) upgraded to Buy from Neutral at BofA/Merrill 
  • Warnaco (WRC) upgraded to Buy from Hold at Brean Murray 
  • Williams Partners (WPZ) upgraded to Outperform from Market Perform at Wells Fargo 
  • Total (TOT) upgraded to Hold from Sell at Canaccord 
  • BP (BP) upgraded to Buy from Hold at Canaccord
Wednesday's noteworthy downgrades:  
  • Dell (DELL) downgraded to Neutral from Buy at Mizuho 
  • FirstEnergy (FE) downgraded to Underperform from Hold at Jefferies 
  • NASDAQ (NDAQ) downgraded to Hold from Buy at Deutsche Bank, and to Market Perform from Outperform at Raymond James 
Wednesday's noteworthy initiations:  
  • Dendreon (DNDN) initiated with an Underperform at Jefferies
  • Primoris (PRIM) initiated with an Outperform at Imperial Capital
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