Early Research Calls

Published on Wednesday, 08 August 2012 08:10 Written by Danny Miller

New York, August 8^th (TradersHuddle.com) – Following are some of the upgrades and downgrades before the market open.

AK Steel (NYSE: AKS) was upgraded to a Buy from Fair Value at CRT Capital.

Church & Dwight (NYSE: CHD) was upgraded to a Buy from Neutral at SunTrust.

CTC Media (NASDAQ: CTCM) was upgraded to a Buy from Neutral at Bank of America Merrill.

CVS Caremark (NYSE: CVS) was upgraded to Outperform from Market Perform at BMO Capital.

Echelon (NASDAQ: ELON) was downgraded to a Hold from Buy at Jefferies and at Cantor Fitzgerald.

FirstEnergy (NYSE: FE) was downgraded to Market Perform from Outperform at BMO Capital and to a Neutral from Buy at UBS.

Fossil (NASDAQ: FOSL) was downgraded to a Neutral from Buy at Citigroup.

Groupon (NASDAQ: GRPN) was downgraded to a Neutral from Buy at Sterne Agee.

Intercontinental Hotels Group (NYSE: IHG) was downgraded to a Neutral from Buy at Sun Trust and to a Neutral from Overweight at JPMorgan.

Jive Software (NASDAQ: JIVE) was downgraded to a Neutral from Buy at Citigroup.

MGM Resorts (NYSE: MGM) was downgraded to Equal-Weight from Overweight at Morgan Stanley.

VeriFone (NYSE: PAY) was downgraded to a Neutral from Buy at UBS.

Warner Chilcott (NASDAQ: WCRX) was downgraded to Market Perform from Outperform at Wells Fargo.

Windstream (NASDAQ: WIN) was downgraded to Reduce from Neutral at Nomura.