Analyst calls: Google downgraded at Wells Fargo
OfficeMax, Office Depot, RadioShack are upgraded at Barclays. LinkedIn is initiated with 'outperform.'
Wednesday's noteworthy upgrades include:
- OfficeMax (OMX) upgraded to Equal Weight from Underweight at Barclays
- Office Depot (ODP) upgraded to Equal Weight from Underweight at Barclays
- RadioShack (RSH) upgraded to Equal Weight from Underweight at Barclays
- MGM Resorts (MGM) upgraded to Neutral from Underperform at Credit Suisse
- Williams-Sonoma (WSM) upgraded to Strong Buy from Market Perform at Raymond James
- Cree (CREE) upgraded to Buy from Hold at ThinkEquity
- Cardinal Health (CAH) upgraded to Buy from Neutral at Cleveland Research
- Google (GOOG) downgraded to Market Perform from Outperform at Wells Fargo
- DirecTV (DTV) downgraded to Neutral from Buy at UBS
- Guess (GES) downgraded to Neutral from Overweight at Piper Jaffray
- Cree (CREE) downgraded to Neutral from Buy at Ticonderoga
- HCP Inc. (HCP) downgraded to Underperform from Neutral at BofA/Merrill
- Health Care REIT (HCN) downgraded to Neutral from Buy at BofA/Merrill
- Chesapeake (CHK) downgraded to Hold from Buy at Brean Murray
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Stocks drift lower and bonds are hit as investors await the Fed. Prepare for higher volatility this week.
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