Analyst calls: Cisco upgraded to 'overweight'

PepsiCo is upgraded to 'outperform,' and KLA-Tencor is downgraded to 'underweight.'

By MSN Money Partner May 16, 2012 11:03AM
Information provided by Theflyonthewall.com

Wednesday's noteworthy upgrades include:  
  • Cisco (CSCO) upgraded to Overweight from Equal Weight at Barclays
  • Akamai (AKAM) upgraded to Neutral from Sell at Citigroup
  • Fossil (FOSL) upgraded to Buy from Neutral at Citigroup
  • Seadrill (SDRL) upgraded to Buy from Neutral at Citigroup
  • PepsiCo (PEP) upgraded to Outperform from Underperform at CLSA
  • SandRidge Energy (SD) upgraded to Hold from Sell at Canaccord
  • Weatherford (WFT) upgraded to Overweight from Neutral at JPMorgan
  • Dunkin' Brands (DNKN) upgraded to Buy from Hold at Argus
  • Total (TOT) upgraded to Equal Weight from Underweight at Morgan Stanley
Wednesday's noteworthy downgrades include:  
  • Baker Hughes (BHI) downgraded to Neutral from Overweight at JPMorgan
  • KLA-Tencor (KLAC) downgraded to Underweight from Neutral at JPMorgan
  • Lam Research (LRCX) downgraded to Underweight from Neutral at JPMorgan
  • Novellus (NVLS) downgraded to Underweight from Neutral at JPMorgan
  • Aetna (AET) downgraded to Hold from Buy at Argus
Wednesday's noteworthy initiations include:  
  • LSI Corp. (LSI) initiated with an Outperform at Pacific Crest
  • Ocean Rig UDW (ORIG) initiated with a Buy at Deutsche Bank
  • Xylem (XYL) initiated with an Overweight at Atlantic Equities
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