Downgrades Ahead of the Open

Published on Monday, 30 July 2012 08:06 Written by Manuel Guerra

New York, July 30th (TradersHuddle.com) – Following are some of the upgrades and downgrades before the market open.

Annaly Capital Management (NYSE: NLY) was downgraded to Underperform from Market Perform at Wells Fargo.

Arch Coal (NYSE: ACI) was upgraded to a Buy from Neutral at Global Hunter Securities.

Conceptus (NASDAQ: CPTS) was downgraded to a Neutral from Overweight at Piper Jaffray.

Equinix (NASDAQ: EQIX) was downgraded to a Neutral from Buy at Citigroup.

Fomento Economico Mexicano (FEMSA) (NYSE: FMX) was downgraded to a Hold from Buy at Deutsche Bank.

Global Payments (NYSE: GPN) was downgraded to a Neutral from Outperform at Cowen.

KAR Auction Services (NYSE: KAR) was downgraded to a Neutral from Buy at Goldman Sachs.

Lindsay Corp (NYSE: LNN) was downgraded to a Neutral from Outperform at Wedbush.

Teledyne Technologies (NYSE: TDY) was downgraded to a Hold from Buy at BB&T.