Analyst Calls: HSP, EBAY, BX, CSCO

Analyst upgrades:

Bernstein upgraded Hospira (HSP) to Outperform from market Perform based on valuation, expectations that the company will be able to fix manufacturing issues quickly, and views Propolfol and biosimilars as underappreciated. The firm has a $63 price target on the stock.
Citigroup upgraded eBay (EBAY) to Buy from Hold citing valuation and improvements to Marketplace. The firm keeps a $28 price target for shares.
Deutsche Bank upgraded Coca-Cola Femsa (KOF) to Hold from Sell citing lessening acquisition risk and raised its target for shares to $66 from $61.
Blackstone (BX) and Simon Property (SPG) were upgraded to Conviction Buy from Buy at Goldman.
BreitBurn Energy (BBEP) was upgraded to Outperform from Market Perform at Wells Fargo.
SL Green Realty (SLG) was upgraded to Buy from Neutral at BofA/Merrill.

Analyst downgrades:

Oppenheimer downgraded Cisco (CSCO) to Perform from Outperform following the company's Q4 results citing concerns with management commentary and a soft Q1 sales outlook. Shares were also downgraded to Market Perform from Outperform at BMO Capital.
Auriga downgraded Finisar (FNSR) to Hold from Buy citing growing macro risks following mixed commentary from Cisco and lowered its target for shares to $16 from $19. The firm notes that Cisco is Finisar's largest customer.
Credit Suisse downgraded Kellog (K) to Neutral from Outperform and lowered its price target to $54 from $57. The firm downgraded shares based on management execution issues and severe discounting in the cereal category.
Home Properties (HME) was downgraded to Neutral from Buy at BofA/Merrill.
Ameristar Casinos (ASCA) was downgraded to Neutral from Buy at Sterne Agee.
NetApp (NTAP) was downgraded to Neutral from Buy at Merriman.

Analyst initiations:

Wells Fargo initiated Microsoft (MSFT), EMC (EMC), Dell (DELL) and Salesforce.com (CRM) with Market Perform ratings and Apple (AAPL), Google (GOOG), IBM (IBM) and NetApp (NTAP) with Outperform ratings.
Soleil assumed Sonoco Products (SON) with a Buy rating and $40 price target.
Global Hunter initiated BioSpecifics (BSTC) with a Buy rating and $29 target.
Needham started G-III Apparel (GIII) with a Buy rating and $23 target.
SuccessFactors (SFSF) was initiated with an Outperform rating and $27 target at Credit Suisse.