Up/Downgrades (ARNA, SAN, BRE, CSTR, FLR, FL, GNW, TROW, AEM, EV, HME, ILMN, LSTR, ERIC, RIMM, R)

Published on Monday, 28 November 2011 08:28 Written by Danny Miller

New York, November 28^th (TradersHuddle.com) – Following are some of the top upgrades and downgrades before the market open.

Upgrades

Arena Pharmaceuticals (NASDAQ:ARNA) was upgraded to Overweight from Neutral at Piper Jaffray.

Banco Santander (NYSE:SAN) was upgraded to a Buy from Hold at Deutsche Bank.

BRE Properties (NYSE:BRE) was upgraded to Outperform from Sector Perform at RBC Capital Markets.

Coinstar (NASDAQ:CSTR), the owner and operator of the redbox DVD rental kiosks chain, was upgraded to Overweight from Neutral at JP Morgan.

Fluor Corp. (NYSE:FLR), the engineering company, was upgraded to Outperform from Neutral at Robert W. Baird. The firm set its target price at $70.

Foot Locker (NYSE:FL), the athletic footwear and apparel retailer, was upgraded to a Buy from Neutral at UBS.

Genworth Financial (NYSE:GNW) was upgraded to a Buy from Neutral at Citigroup.

T. Rowe Price (NASDAQ:TROW), the investment advisory and money management services firm, was upgraded to a Buy from Neutral at Ticonderoga. The firm set its target price at $57.

Downgrades

Agnico-Eagle Mines (NYSE:AEM) was downgraded to a Hold from Buy at Canaccord Genuity.

Eaton Vance (NYSE:EV), the comprehensive wealth manger offering products to a diverse group of investors, was downgraded to Underperform from Neutral at Credit Suisse.

Home Properties (NYSE:HME) was downgraded to Sector Perform from Outperform at RBC Capital Markets.

Illumina (NASDAQ:ILMN) was downgraded to Underperform from Neutral at Macquarie.

Landstar System (NASDAQ:LSTR), the provider of truckload carrier, intermodal transportation, and expedited air and truck services, was downgraded to a Neutral from Buy at SunTrust.

LM Ericsson (NASDAQ:ERIC), the maker of products for wired and wireless communications, was downgraded to a Hold from Buy at Societe Generale.

Research In Motion (NASDAQ:RIMM), the maker of the Blackberry smartphone, was downgraded to a Neutral from Buy at Sterne Agee.

Ryder Systems (NYSE:R), the transportation management solutions provider, was downgraded to a Neutral from Buy at SunTrust.