Up/Downgrades

Published on Wednesday, 16 May 2012 08:45 Written by Danny Miller

CSCONew York, May 16th (TradersHuddle.com) - Research Calls ahead of the market open.

 

PepsiCo (NYSE:PEP) was upgraded to Outperform from Underperform at Credit Agricole.

 

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

 

Akamai Technologies (NASDAQ:AKAM) was upgraded to a Neutral from Sell at Citigroup.

 

KLA-Tencor (NASDAQ:KLAC) was downgraded to Underweight from Neutral at JPMorgan.

 

Fossil (NASDAQ:FOSL) was upgraded to a Buy from Neutral at Citigroup.

 

Cisco Systems (NASDAQ:CSCO) was upgraded to Overweight from Equal Weight at Barclays.

 

Lam Research (NASDAQ:LRCX) was downgraded to Underweight from Neutral at JPMorgan.

 

TE Connectivity (NYSE:TEL) was upgraded to Outperform from Neutral at Macquarie.

 

Baker Hughes (NYSE:BHI) was downgraded to Neutral from Overweight at JPMorgan.

 

Weatherford (NYSE:WFT) was upgraded to Overweight from Neutral at JPMorgan.

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