Up/Downgrades

Published on Wednesday, 11 July 2012 08:48 Written by Danny Miller

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

Commercial Vehicle Group (NASDAQ: CVGI) was downgraded to a Neutral from Outperform at Robert W. Baird. The firm slashed its target price to $10 from $19.

Cullen/Frost Bankers (NYSE: CFR) was downgraded to Underperform from Market Perform at BMO Capital.

Duke Energy (NYSE: DUK) was downgraded to a Neutral from Buy at UBS.

DuPont (NYSE: DD) was downgraded to a Neutral from Outperform at Macquarie

HHGregg (NYSE: HGG) was downgraded to an Average rating from Buy at Caris & Company. The firm slashed its target price to $10 from $20. The stock was also downgraded to a Neutral at SunTrust and to a Hold at Stifel Nicolaus.

Huntsman (NYSE: HUN) was downgraded to a Neutral from Outperform at Macquarie.

Meritor (NYSE: MTOR) was downgraded to a Neutral from Outperform at Robert W. Baird. The firm slashed its target price to $6 from $13.

Modine Manufacturing (NYSE: MOD) was downgraded to a Neutral from Outperform at Robert W. Baird. The firm cut its target price to $8 from $11.

Office Depot (NYSE: ODP) was downgraded to Market Perform from Outperform at Bernstein.

SAP AG (NYSE: SAP) was upgraded to a Buy from Hold at ThinkEquity.

Shaw Group (NASDAQ: SHAW) was downgraded to Underperform from Neutral at Macquarie.

SkyWest (NASDAQ: SKYW) was upgraded to Outperform at Raymond James.

Staples Inc (NASDAQ: SPLS) was downgraded to Market Perform from Outperform at Bernstein.

Waste Management (NYSE: WM) was downgraded to Underweight from Equal Weight at Morgan Stanley.

Wendy's (NYSE: WEN) was upgraded to Outperform from Neutral at Wedbush.