Up/Downgrades

Published on Thursday, 14 June 2012 08:50 Written by Danny Miller

New York, June 14^th (TradersHuddle.com) – Following are some of the upgrades and downgrades before the market open.

ABB Ltd (NYSE: ABB) was downgraded to a Hold from Buy at Deutsche Bank.

Adobe Systems (NASDAQ: ADBE) was downgraded to a Hold from Buy at Jefferies.

Allegheny Technologies (NYSE: ATI) was upgraded to a Buy from Hold at Deutsche Bank.

Banco Bilbao Vizcaya Argentaria (NYSE: BBVA) was downgraded to a Sell from Neutral at UBS.

Best Buy (NYSE: BBY) was upgraded to a Neutral from Sell at Citigroup.

Brinker (NYSE: EAT) was upgraded to a Buy from Hold at Argus. The firm set its target price at $37.

China Telecom (NYSE: CHA) was upgraded to a Hold from Sell at Cantor Fitzgerald.

Darden Restaurants (NYSE: DRI) was downgraded to a Neutral from Buy at Lazard.

Nike (NYSE: NKE) was upgraded to a Hold from Sell at McAdams Wright Ragen.

Pengrowth Energy (NYSE: PGH) was downgraded to Market Perform from Outperform at BMO Capital.

Regions Financials (NYSE: RF) was upgraded to a Buy from Neutral at Goldman Sachs.

Sapient (NASDAQ: SAPE) was downgraded to Outperform from Strong Buy at Raymond James.

Taiwan Semiconductor (NYSE: TSM) was downgraded to a Hold From Buy at BNP Paribas.

Zillow (NASDAQ: Z) was upgraded to Outperform from Sector Perform at Pacific Crest.