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  • Major Upgrades and Downgrades to Watch || TEL | CAKE | AKS | PEP | MGDDY | SQNM | MOLX | AONE | CHK | IBM |

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    Tuesday Oct. 18, 2011 at 12:41 pm EST
    Top Analyst Actions to Watch Today  
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    TE Connectivity Ltd. (NYSE:TEL)-TE Connectivity Ltd. (NYSE:TEL) was upgraded from Underweight to Overweight at JP Morgan.

    The Cheesecake Factory Incorporated (NASDAQ:CAKE)- The Cheesecake Factory Incorporated (NASDAQ:CAKE) was upgraded from Neutral to Overweight at Piper Jaffray.

    AK Steel Holding Corporation (NYSE:AKS)- AK Steel Holding Corporation (NYSE:AKS) was upgraded from Sell to Neutral at Goldman Sachs.

    PepsiCo, Inc. (NYSE:PEP)- PepsiCo, Inc. (NYSE:PEP) was upgraded from Hold to Buy at Argus.

    MICHELIN CIE GEN UNSP/ADR (PINK:MGDDY) - MICHELIN CIE GEN UNSP/ADR (PINK:MGDDY) was upgraded from Neutral to Overweight at JP Morgan.

    Sequenom, Inc. (NASDAQ:SQNM)- Sequenom, Inc. (NASDAQ:SQNM) was downgraded from Overweight to Neutral at Piper Jaffray.

    Molex Incorporated (NASDAQ:MOLX) - Molex Incorporated (NASDAQ:MOLX) was downgraded from Overweight to Neutral at JP Morgan.

    A123 Systems, Inc. (NASDAQ:AONE)- A123 Systems, Inc. (NASDAQ:AONE) was downgraded from Neutral to Sell at Goldman Sachs.

    Chesapeake Energy Corporation (NYSE:CHK) - Chesapeake Energy Corporation (NYSE:CHK) was downgraded from Overweight to Neutral at JP Morgan.

    International Business Machines Corp. (Public, NYSE:IBM)- International Business Machines Corp. (Public, NYSE:IBM) was downgraded from Outperform to Marketperform at BMO Capital.

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