Equity Brief: Ratings Changes for November 26th: AAPL, AKS, AKZOY, ANAD, ARO, BCS, BLL, BP, BRCM

A number of stocks were upgraded and downgraded by equities research analysts today, as reported by Analyst Ratings Network (http://bit.ly/equitybriefdaily) and Equity Brief:

Citigroup initiated coverage on shares of Apple, Inc AAPL. They issued a buy rating on the stock and set a $675.00 price target. They wrote, "After a 28% correction since 09/21/12 (since recovered to down 19%), Apple shares are consistent with past corrections in its own history and that of its peers. With y/y growth expected to stabilize in 1H13, we assert this sets up APPL to appreciate toward our PT. But at $675, our price target is 11% below the consensus target, reflecting our perception that risks for Apple are increasingly coming into focus."

UBS AG upgraded shares of AK Steel Holding Co. AKS from a sell rating to a neutral rating.

Citigroup downgraded shares of Akzo Nobel AKZOY from a neutral rating to a sell rating.

Needham & Company upgraded shares of ANADIGICS, Inc. ANAD from a hold rating to a buy rating. Needham & Company now has a $2.50 price target on the stock.

Janney Montgomery Scott downgraded shares of Aeropostale, Inc. ARO from a buy rating to a neutral rating. Their analysts now have a $14.00 price target on the stock.

JPMorgan Chase upgraded shares of Barclays Capital (BCS) from a neutral rating to an overweight rating.

Deutsche Bank downgraded shares of Ball Co. (BLL) from a buy rating to a hold rating. They noted that the move was a valuation call. They noted that the move was a valuation call.

Exane BNP Paribas initiated coverage on shares of BP PLC (BP). They issued an outperform rating on the stock.

Benchmark Co. upgraded shares of Broadcom Corp (BRCM) from a hold rating to a buy rating.

Deutsche Bank downgraded shares of Crown Cork & Seal (CCK) from a buy rating to a hold rating. They noted that the move was a valuation call. They noted that the move was a valuation call.

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