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Analysts' Upgrades, Downgrades: Apple

Stock quotes in this article: AAPL , AKS , BNI , CPA , SEIC , SWY , X  

CHANGE IN RATINGS

AK Steel (AKS Quote) upgraded at Morgan Stanley from Underweight to Equal-weight. Company has above-average mid-cycle earnings power.

AK Steel (AKS Quote) estimates, target raised at Merrill/BofA. Shares of AKS now seen reaching $$14, Merrill Lynch/Bank of America said. Estimates also boosted, because of positive channel checks. Underperform rating.

Burlington Northern (BNI Quote) downgraded at Goldman to Neutral from Buy. Cites valuation and balancing of the risk/reward scenario. Target price raised to $85 from $73.

Copa (CPA Quote) downgraded at Credit Suisse to Neutral from Outperform. Valuation, lack of momentum, and weak traffic data led to the decline in ratings. Maintained price target of $42. ...

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