Key Calls (Wednesday): Upgrades, Downgrades, & Initiations

Via Bloomberg Alcoa (AA) raised to buy at Citi Alcoa (AA) raised to hold at Deutsche Bank American Eagle (AEO) raised to outperform at Telsey CSX (CSX) raised to buy at UBS, PT $57 CenturyLink (CTL) raised to hold at Jefferies, PT $26 Extended Stay (STAY) raised to buy at Stifel, PT $18 HCP (HCP) raised to buy at Goldman, PT $35 Intelsat (I) raised to outperform at RBC, PT $6.25 International Paper (IP) raised to outperform at BMO, PT $62 JetBlue (JBLU) raised to overweight at JPMor