(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.
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.
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.