Upgrades & Downgrades

Published on Friday, 31 August 2012 08:16 Written by Danny Miller

New York, August 31^st (TradersHuddle.com) – Following are some of the upgrades and downgrades before the market open.

Canadian Imperial Bank of Commerce (NYSE: CM) was upgraded to Outperform from Market Perform at BMO Capital.

Credit Suisse (NYSE: CS) was upgraded to a Hold from Sell at ING Group.

Layne Christensen (NASDAQ: LAYN) was downgraded to a Neutral at Janney Capital Markets and to a Sell from Neutral at UBS.

Royal Bank of Canada (NYSE: RY) was upgraded to Outperform from Neutral at Credit Suisse

Spectra Energy (NYSE: SE) was downgraded to an Equal Weight from Overweight at Barclays.

Telecommunication Systems (NASDAQ: TSYS) was upgraded to Overweight from Neutral at JPMorgan.

Thompson Creek Metals (NYSE: TC) was upgraded to a Buy from Hold at Dahlman Rose. The firm set its target price at $4.

Toronto-Dominion Bank (NYSE: TD) was downgraded to a Neutral from Outperform at Credit Suisse.