Up/Downgrades (FFIV, KLAC, MAA, OGE, T, DCT, MAN, MFC, NVLS, OC, RHI, WINN)

Published on Tuesday, 20 December 2011 09:15 Written by Danny Miller

New York, December 20^th (TradersHuddle.com) – Following are some of the top upgrades and downgrades before the market open.

Upgrades

F5 Networks (NASDAQ:FFIV), the application delivery networking Company, was upgraded to Outperform from Perform at Oppenheimer. The firm set its target price at $125.

KLA-Tencor (NASDAQ:KLAC), the maker of yield management and process monitoring systems for the semiconductor industry, was upgraded to Overweight from Neutral at JPMorgan.

Mid-America Apartment (NYSE:MAA) was upgraded to Outperform from Market Perform at Keefe Bruyette.

OGE Energy (NYSE:OGE) was upgraded to a Buy from Hold at Jefferies.

Downgrades

AT&T (NYSE:T), the owner of the second largest U.S. wireless carrier, was downgraded to a Neutral from Overweight at JPMorgan.

DCT Industrial Trust (NYSE:DCT) was downgraded to Market Perform from Outperform at Keefe Bruyette.

Manpower (NYSE:MAN) was downgraded to a Neutral from Buy at Bank of America Merrill.

Manulife Financial (NYSE:MFC) was downgraded to Sector Perform from Outperform at RBC Capital Markets.

Novellus (NASDAQ:NVLS) was downgraded to a Neutral from Overweight at JPMorgan.

Owens Corning (NYSE:OC), the maker of energy efficient building materials and composite solutions, was downgraded to Outperform from Top Pick at RBC Capital Markets.

Robert Half (NYSE:RHI) was downgraded to a Neutral from Buy at Bank of America Merrill.

Winn-Dixie Stores (NASDAQ:WINN) was downgraded to a Hold from Buy at Jefferies, following news of merger with Bi-Lo.