Up/Downgrades (FRC, GGC, JACK, LRY, SPR, SYNT, AMR, LNT, ARJ, DAL, EDMC, JBLU, MBFI, LCC, UAL)

Published on Monday, 11 April 2011 08:23 Written by Danny Miller

New York, April 11^th (TradersHuddle.com) – Following are some of the upgrades and downgrades before the market open.

Upgrades:

First Republic Bank (NYSE:FRC) was upgraded to Overweight from Neutral at JP Morgan The firm set its target price at $35.

Georgia Gulf (NYSE:GGC) was upgraded to a Buy from Hold at BB&T.

Jack In The Box (NASDAQ:JACK), the fast-food hamburger chain, was downgraded to Underperform from Neutral at Credit Suisse. The firm set its target price at $20.

Liberty Properties (NYSE:LRY) was upgraded to a Buy from Hold at Stifel Nicolaus. The firm set its target price at $35.50.

Spirit Aerosystems (NYSE:SPR), the maker of fuselages, propulsion systems and wing systems, was upgraded to Outperform from Neutral at Cowen.

Syntel (NASDAQ:SYNT) was upgraded to Overweight from Neutral at JP Morgan.

Downgrades:

AMR Corp. (NYSE:AMR), the owner of American Airlines, was downgraded to a Sell from Hold at Dahlman Rose. The firm set its target price at $4.50.

Alliant Energy (NYSE:LNT) was downgraded to a Neutral from Outperform at Macquarie. The firm set its target price at $39.

Arch Chemicals (NYSE:ARJ) was downgraded to a Hold from Buy at BB&T.

Delta (NYSE:DAL), the world’s largest airline, was downgraded to a Hold at Dahlman Rose.

Education Management (NASDAQ:EDMC) was downgraded to a Sell from Neutral at Goldman Sachs. The firm set its target price at $18.

Jetblue Airways (NASDAQ:JBLU), the New York based discount airline, was downgraded to a Sell from Hold at Dahlman Rose. The firm set its target price at $5.

MB Financial (NASDAQ:MBFI) was downgraded to a Neutral from Overweight at JP Morgan.

United Continental (NYSE:UAL), the owner of United Airlines and Continental Airlines, was downgraded to a Hold from Buy at Dahlman Rose.

US Airways (NYSE:LCC), the Phoenix based airline, was downgraded to a Hold from Buy at Dahlman Rose.