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Analysts' Upgrades And Downgrades: BIDU, HOT, PNM, SAI, SPLS, VC

 February 20, 2013 10:21 AM

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

Baidu.com Inc. (NASDAQ: BIDU):  CLSA downgraded the stock to "Underperform" from "Outperform".  American depositary receipts (ADRs) shed 2.01 percent to trade at $90.33.

PNM Resources Inc. (NYSE: PNM): RW Baird upgraded the stock to "Outperform" from "Neutral". Shares added 1.23 percent to trade at $22.24.

SAIC Inc. (NYSE: SAI): JPMorgan downgraded the stock to "Neutral" from "Overweight". RBC Capital downgraded the stock to "Underperform" from "Sector Perform". Shares retreated 3.51 percent to trade at $11.82.

[Related -Staples, Inc. (SPLS): How Q3 Earnings Will Fare?]

Staples Inc. (NASDAQ: SPLS): Citigroup upgraded the stock to "Neutral" from "Sell". Shares dropped 2.12 percent to trade at $14.34.

Starwood Hotels & Resorts Worldwide Inc. (NYSE: HOT): Jefferies downgraded the stock to "Hold" from "Buy". Shares lost 0.63 percent to trade at $61.05.

[Related -Baidu, Inc. (BIDU): Rhymes With Two-Two-Two Price Target]

Visteon Corp. (NYSE: VC): JPMorgan upgraded the stock to "Overweight" from "Neutral". Shares jumped 3.58 percent to trade at $58.51.

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