Analyst calls: Potash downgraded to 'neutral'

Mosaic is also downgraded to 'neutral,' and Michael Kors is initiated with an 'outperform.'

By MSN Money Partner Oct 3, 2012 11:47AM

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Wednesday's noteworthy upgrades include:

  • CSX (CSX) upgraded to Market Perform from Underperform at Bernstein
  • Norfolk Southern (NSC) upgraded to Market Perform from Underperform at Bernstein

Wednesday's noteworthy downgrades include:

  • Express (EXPR) downgraded to Neutral from Buy at SunTrust
  • Mosaic (MOS) downgraded to Neutral from Buy at Lazard Capital
  • Potash (POT) downgraded to Neutral from Buy at Lazard Capital
  • Texas Instruments (TXN) downgraded to Sector Perform from Outperform at Pacific Crest
  • Amarin (AMRN) downgraded to Neutral from Outperfrom at Wedbush
  • Discover (DFS) downgraded to Hold from Buy at Argus

Wednesday's noteworthy initiations include:

  • Broadcom (BRCM) initiated with a Buy at Capstone
  • Lorillard (LO) initiated with a Buy at CLSA
  • Marvell (MRVL) initiated with a Hold at Capstone
  • Michael Kors (KORS) initiated with an Outperform at William Blair
  • O'Reilly Automotive (ORLY) initiated with an Overweight at Stephens
  • Kraft Foods (KRFT) initiated with a Buy at CLSA
  • Vale (VALE) initiated with a Hold at BB&T
  • Mondelez (MDLZ) initiated with an Outperform at CLSA
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