Upgrades & Downgrades

Published on Tuesday, 31 July 2012 09:08 Written by Danny Miller

New York, July 31^st (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.