Upgrades & Downgrades

SNew 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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