Analyst calls: Cisco upgraded to 'conviction buy'

3 homebuilders are upgraded at JPMorgan, and Select Medical is downgraded at 3 firms.

By MSN Money Partner Aug 9, 2012 11:13AM
Information provided by Theflyonthewall.com

Thursday's noteworthy upgrades include:  
  • Allscripts (MDRX) upgraded to Overweight from Neutral at JPMorgan
  • American Electric (AEP) upgraded to Buy from Hold at ISI Group
  • Beazer Homes (BZH) upgraded to Overweight from Underweight at JPMorgan
  • KB Home (KBH) upgraded to Overweight from Neutral at JPMorgan
  • PulteGroup (PHM) upgraded to Overweight from Neutral at JPMorgan
  • Cisco (CSCO) upgraded to Conviction Buy from Buy at Goldman, and to Overweight from Neutral at Piper Jaffray
  • Salix (SLXP) upgraded to Buy from Hold at Cantor
Thursday's noteworthy downgrades include:  
  • Boingo Wireless (WIFI) downgraded to Hold from Buy at Deutsche Bank
  • Forest Labs (FRX) downgraded to Neutral from Overweight at JPMorgan
  • Kinross Gold (KGC) downgraded to Hold from Buy at Canaccord
  • Liberty Media (LMCA) downgraded to Neutral from Buy at Janney Capital
  • NetApp (NTAP) downgraded to Hold from Buy at Cantor
  • Select Medical (SEM) downgraded to Neutral from Buy at UBS, and to Neutral from Outperform at RW Baird, and to Sector Perform from Outperform at RBC Capital
  • Toll Brothers (TOL) downgraded to Underweight from Overweight at JPMorgan
Thursday's noteworthy initiations include:  
  • Curtiss-Wright (CW) initiated with an In-Line at Imperial Capital
  • Seagate (STX) initiated with a Buy at Lazard Capital
  • Ulta Salon (ULTA) initiated with a Buy at Goldman
  • Western Digital (WDC) initiated with a Buy at Lazard Capital
  • Apple (AAPL) initiated with a Buy at Stifel Nicolaus
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