Analyst calls: Bank of America upgraded to 'buy'

NetApp is downgraded to 'sector perform,' and retailers are initiated at UBS.

By MSN Money Partner Apr 11, 2012 11:13AM
Information provided by Theflyonthewall.com

Wednesday's noteworthy upgrades include:  
  • Banco Bilbao (BBVA) upgraded to Buy from Hold at Deutsche Bank
  • Telefonica (TEF) upgraded to Neutral from Sell at UBS
  • Bank of America (BAC) upgraded to Buy from Neutral at Guggenheim
  • MetLife (MET) upgraded to Outperform from Market Perform at Raymond James
Wednesday's noteworthy downgrades include:  
  • BT Group (BT) downgraded to Neutral from Overweight at JPMorgan
  • SAP (SAP) downgraded to Hold from Buy at ThinkEquity
  • Wal-Mart de Mexico (WMMVY) downgraded to Neutral from Overweight at JPMorgan
  • NetApp (NTAP) downgraded to Sector Perform from Outperform at FBN Securities
  • General Dynamics (GD) downgraded to Neutral from Buy at Lazard Capital
Wednesday's noteworthy initiations include:  
  • J.C. Penney (JCP) initiated with a Neutral at UBS
  • Kohl's (KSS) initiated with a Neutral at UBS
  • Macy's (M) initiated with a Neutral at UBS
  • Nordstrom (JWN) initiated with a Buy at UBS
  • Saks (SKS) initiated with a Neutral at UBS
  • FIS (FIS) initiated with a Market Perform at Wells Fargo
  • NVIDIA (NVDA) initiated with an Outperform at RBC Capital
  • New Oriental Education (EDU) initiated with an Outperform at Macquarie
  • Sealed Air (SEE) initiated with a Hold at KeyBanc
  • Yelp (YELP) initiated with a Hold at Jefferies, with a Neutral at Citigroup, with a Neutral at Goldman, with a Perform at Oppenheimer
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