Top Upgrades/Downgrades and Company News (Jan. 4, 2011)

Goldman Sachs (NYSE:GS) removed Nike (NYSE:NKE) from its Conviction Buy List, but maintained the “buy” rating with a target price of $95

KBW upgraded SunTrust (NYSE:STI) to “outperform,” increasing the target price $33 from $30

Deutsche Bank (NYSE:DB) lifted its target price of Apple (NASDAQ:AAPL) from $375 to $410, and maintained its “buy” rating

Soleil upgraded Monsanto’s (NYSE:MON) “buy” rating from “hold” and lifted the target price from $60 to $80

Goldman Sachs (NYSE:GS) upgraded Walgreen (NYSE:WAG) from “neutral” to a Conviction Buy, with a target price of $46

Wells Fargo (NYSE:WFC) downgraded T. Rowe Price (NASDAQ:TROW) to “market perform” with a price target of $67-$70

Benchmark upgraded Amazon.com (NASDAQ:AMZN) from “hold” to “buy” rating and raised the target price to $210 from $200

General Motors (NYSE:GM) reported increased sales of 2.35 million vehicles in China, in 2010, up 28.8% from a year ago

Indian officials reportedly are looking into possible tax evasion by Kraft’s (NYSE:KFT) in its $19 billion Cadbury takeover

The Daily Mail has reported Royal Dutch Shell (NYSE:RDS.A) had planned a BP (NYSE:BP) takeover during its Gulf Oil spill.