Analyst calls: Cisco upgraded to 'overweight'
PepsiCo is upgraded to 'outperform,' and KLA-Tencor is downgraded to 'underweight.'
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
- 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
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Despite its size, the IPO will create just two new members of the 10-figure club from its executive ranks. A few others could net hundreds of millions.
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