Analyst calls: Apple initiated with a 'buy'

Allegiant Travel is upgraded to 'buy,' and Dendreon is downgraded to 'underperform.'

By MSN Money Partner Jul 11, 2012 11:20AM
Information provided by Theflyonthewall.com

Wednesday's noteworthy upgrades include:  
  • Allegiant Travel (ALGT) upgraded to Buy from Hold at Deutsche Bank
  • SAP (SAP) upgraded to Buy from Hold at ThinkEquity
  • Wendy's (WEN) upgraded to Outperform from Neutral at Wedbush
  • AMC Networks (AMCX) upgraded to Positive from Neutral at Susquehanna
Wednesday's noteworthy downgrades include:  
  • Alcoa (AA) downgraded to Underperform from Market Perform at BMO Capital
  • BHP Billiton (BHP) downgraded to Neutral from Outperform at Credit Suisse
  • Dendreon (DNDN) downgraded to Underperform from Neutral at BofA/Merrill
  • Duke Energy (DUK) downgraded to Neutral from Buy at UBS
  • Syngenta (SYT) downgraded to Sell from Neutral at UBS
  • HMS Holdings (HMSY) downgraded to Hold from Buy at Jefferies
  • Office Depot (ODP) downgraded to Market Perform from Outperform at Bernstein
  • Staples (SPLS) downgraded to Market Perform from Outperform at Bernstein
  • Pinnacle West (PNW) downgraded to Neutral from Buy at Citigroup
  • USG (USG) downgraded to Neutral from Buy at Longbow
  • Waste Management (WM) downgraded to Underweight from Equal Weight at Morgan Stanley
Wednesday's noteworthy initiations include:  
  • Amazon.com (AMZN) initiated with a Market Perform at BMO Capital
  • Apple (AAPL) initiated with a Buy at UBS
  • EMC (EMC) initiated with a Buy at UBS
  • IBM (IBM) initiated with a Neutral at UBS
  • Juniper (JNPR) initiated with a Market Perform at JMP Securities
  • Rex Energy (REXX) initiated with an Outperform at Wells Fargo
  • ViroPharma (VPHM) initiated with a Market Perform at Wells Fargo
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