Upgrades & Downgrades
Published on Tuesday, 31 July 2012 09:08 Written by Danny Miller
New York, July 31st (TradersHuddle.com) – Following are some of the upgrades and downgrades before the market open.
Advent Software (NASDAQ: ADVS) was downgraded to a Neutral from Outperform at Wedbush.
Boardwalk Pipeline (NYSE: BWP) was downgraded to a Neutral from Outperform at Credit Suisse.
Broadsoft (NASDAQ: BSFT) was upgraded to a Buy from Neutral at Goldman Sachs.
Brown & Brown (NYSE: BRO) was downgraded to Equal Weight from Overweight at Barclays.
Chicago Bridge & Iron (NYSE: CBI) was downgraded to a Neutral from Buy at Lazard.
Concho Resources (NYSE: CXO) was upgraded to Outperform from Market Perform at Wells Fargo.
Dendreon (NASDAQ: DNDN) was downgraded to a Hold from Buy at Deutsche Bank and to a Neutral from Overweight at JPMorgan.
Facebook (NASDAQ: FB) was upgraded to Market Perform from Underperform at Bernstein.
Legg Mason (NYSE: LM) was downgraded to a Negative from Neutral at Susquehanna.
Meridian Bioscience (NASDAQ: VIVO) was upgraded to a Neutral from Underperform at Wedbush.
Pitney Bowes (NYSE: PBI) was downgraded to a Hold from Buy at Brean Murray.
Sprint Nextel (NYSE: S) was upgraded to Overweight from Neutral at Atlantic Equities.
Statoil ASA (NYSE: STO) was downgraded to a Hold from Buy at Deutsche Bank.
Total S.A. (NYSE: TOT) was upgraded to a Neutral from Reduce at Nomura.
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