Research Calls

Published on Thursday, 09 August 2012 08:20 Written by Danny Miller

New York, August 9^th (TradersHuddle.com) – Following are some of the upgrades and downgrades before the market open.

American Electric Power (NYSE: AEP) was upgraded to a Buy from Hold at ISI Group and to a Buy from Neutral at Bank of America Merrill.

Baker Hughes (NYSE: BHI) was upgraded to a Buy from Hold at Societe Generale.

Beazer Homes (NYSE: BZH) was upgraded to Overweight from Underweight at JPMorgan.

Cisco Systems (NASDAQ: CSCO) was upgraded to a Conviction Buy at Goldman Sachs and to Overweight from Neutral at Piper Jaffray.

Forest Laboratories (NYSE: FRX) was downgraded to a Neutral from Overweight at JPMorgan.

Hospira (NYSE: HSP) was downgraded to a Neutral from Overweight at JPMorgan.

International Flavors & Fragrances (NYSE: IFF) was downgraded to a Neutral from Overweight at JPMorgan.

Interpublic (NYSE: IPG) was upgraded to a Buy from Neutral at Nomura.

KB Home (NYSE: KBH) was upgraded to Overweight from Neutral at JPMorgan.

Kinross Gold (NYSE: KGC) was downgraded to a Hold from Buy at Canaccord Genuity.

Oceaneering International (NYSE: OII) was downgraded to a Hold from Buy at Societe Generale.

Priceline.com (NASDAQ: PCLN) was downgraded to a Neutral from Buy at Lazard.

PulteGroup (NYSE: PHM) was upgraded to Overweight from Neutral at JPMorgan. 

Toll Brothers (NYSE: TOL) was downgraded to Underweight at JPMorgan.

United Microelectronics (NYSE: UMC) was downgraded to Underperform from Market Perform at Bernstein.

Warner Chilcott (NASDAQ: WCRX) was upgraded to a Buy from Hold at Needham. The firm set its target price at $20.