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Analysts' Rating Changes: AAPL, AKS, BBBY, FB, IMGN, LIFE, RIG

 January 28, 2013 10:27 AM

(By Balachander) A number of stocks were upgraded and downgraded by equities research analysts on Monday.

Apple Inc. (NASDAQ: AAPL): RW Baird downgraded the stock to "neutral" from "outperform" and reduced price target to $465 from $570. Shares rose 0.95 percent to trade at $444.08.

AK Steel Holding Corp. (NYSE: AKS): Goldman downgraded the stock to "sell" from "neutral". Shares lost 5.86 percent to trade at $4.18.

Bed Bath & Beyond Inc. (NASDAQ: BBBY): Goldman downgraded the stock to "sell" from "neutral". Shares shed 2.97 percent to trade at $58.01.

[Related -Google Inc (GOOG): Why Nest Labs Deal Is A Wakeup Call For Apple Inc.?]

Facebook Inc. (NASDAQ: FB):Raymond James upgraded rating on shares of the social-networking giant to "outperform" from "market perform". Shares added 2.22 percent to trade at $32.25.

ImmunoGen Inc. (NASDAQ: IMGN): Oppenheimer downgraded the stock to "perform" from "outperform". Shares traded 3.59 percent lower at $14.50.

[Related -Apple Inc. (NASDAQ:AAPL): Why Gross Margins Will Expand In 2014 and Beyond?]

Life Technologies Corp. (NASDAQ: LIFE): UBS downgraded the stock to "neutral" from "buy". Shares fell 1.23 percent to trade at $62.71.

Transocean Ltd. (NYSE: RIG): Guggenheim upgraded the stock to "buy" from "neutral". Shares rose 1.87 percent to trade at $57.82.

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