Analyst upgrades, downgrades and initiations: FCX, MOT, CHK, MON ...

Analyst upgrades:

Deutsche Bank upgraded Freeport McMoRan (NYSE: FCX) to Buy from Hold to reflect the company's better than expected Q3 results and improved volume outlook. Deutsche raised its target on shares to $100 from $72.
Thomas Weisel upgraded Motorola (NYSE: MOT) to Overweight from Market Weight and raised its target to $11 from $7 and said they expect Motorola to benefit from several upcoming catalysts that include new Android-based smartphone products and they believe the handset division could break even by year end of 2010.
Janney Montgomery upgraded Regal Entertainment (NYSE: RGC) and Cinemark (NYSE: CNK) to Buy from Neutral on expectations both companies will benefit from a strong box office in Q4. The firm has a $14 price target on Regal shares and a $13.50 target on Cinemark shares.
Marshall & llsley (NYSE: MI) was upgraded to Neutral from Underweight at JPMorgan.
F5 Networks (NASDAQ: FFIV) was upgraded to Neutral from Sell at UBS.
William Blair upgraded Lindsay Corporation (NYSE: LNN) to Outperform from Market Perform.

Analyst downgrades:

Citigroup downgraded Equinix (NASDAQ: EQIX) to Hold from Buy following the company's Q3 results to reflect concerns of decelerating revenue growth.
JPMorgan downgraded PEPCO Holdings (NYSE: POM) to Underweight from Neutral. The firm believes the outlook for the company's unregulated power plant arm, Conectiv Energy, is challenging and lowered its target on shares to $13 from $14.
KeyBanc downgraded Berry Petroleum (NYSE: BRY) to Hold from Buy based on valuation and lack of near-term catalysts.
Flir Systems (NASDAQ: FLIR) was downgraded to Hold from Buy at Morgan Joseph.
UBS downgraded Chesapeake (NYSE: CHK) to Neutral from Buy.
SAP AG (NYSE: SAP) was downgraded to Neutral from Buy at BofA/Merrill.

Analyst initiations:

Soleil finds Andersons (NASDAQ: ANDE) fairly valued over the near term. Shares were started with a Hold rating and $38 target.
Credit Suisse initiated Monsanto (NYSE: MON) with a Neutral rating and $88 target.
Anglo American (OTC: AAUK) was reinitiated with a Buy rating at Goldman.
Quanta Services (NYSE: PWR) was assumed at JP Morgan with an Overweight rating and $27 target.
Ormat Tech (NYSE: ORA) was initiated with a Buy rating and $48 target at BofA/Merrill.
Health Management (NYSE: HMA) was initiated with a Neutral rating at Pali Capital.