Analyst calls: Cisco upgraded to 'buy'

Applied Materials is downgraded to 'underperform,' and American Express is initiated with a 'neutral.'

By MSN Money Partner Aug 16, 2012 11:44AM
Information provided by Theflyonthewall.com

Thursday's noteworthy upgrades include:  
  • Kinder Morgan (KMI) upgraded to Overweight from Neutral at JPMorgan
  • Abercrombie & Fitch (ANF) upgraded to Outperform from Neutral at Wedbush
  • Cisco (CSCO) upgraded to Buy from Neutral at Davenport
  • SINA (SINA) upgraded to Buy from Neutral at BofA/Merrill
Thursday's noteworthy downgrades include:  
  • Abercrombie & Fitch (ANF) downgraded to Underperform from Neutral at Macquarie
  • Applied Materials (AMAT) downgraded to Underperform from Outperform at CLSA
  • GNC Holdings (GNC) downgraded to Hold from Buy at Deutsche Bank
  • Staples (SPLS) downgraded to Sell from Neutral at Citigroup
Thursday's noteworthy initiations include:  
  • American Express (AXP) initiated with a Neutral at Janney Capital
  • Burger King (BKW) initiated with an Equal Weight at Barclays
  • Cimarex Energy (XEC) initiated with an Outperform at Imperial Capital
  • Energen (EGN) initiated with an Outperform at Imperial Capital
  • Magnum Hunter (MHR) initiated with an Outperform at Imperial Capital
  • Oasis Petroleum (OAS) initiated with an Outperform at Imperial Capital
  • Pioneer Natural (PXD) initiated with an Outperform at Imperial Capital
  • SM Energy (SM) initiated with an Outperform at Imperial Capital
  • TransDigm (TDG) initiated with an Outperform at Imperial Capital
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