Upgrades:
Johnson & Johnson (JNJ) upgraded to Buy from Hold at Deutsche Bank
McDonald's (MCD) upgraded to Outperform from Neutral at Credit Suisse; target raised to $112 from $100
Downgrades:
Other:
Apple (AAPL) initiated with a Buy at Sterne Agee CRT
Hewlett-Packard (HPQ) initiated with a Neutral at Sterne Agee CRT
Yahoo! (YHOO) target lowered to $40 from $43 at Mizuho