Research Calls

Published on Friday, 14 September 2012 08:13 Written by Danny Miller

New York, September 14^th (TradersHuddle.com) – Following are some of the upgrades and downgrades before the market open.

3M Corp. (NYSE: MMM) was upgraded to a Buy from Underperform at Bank of America Merrill.

Analogic (NASDAQ: ALOG) was upgraded to a Buy from Hold at Needham. The firm set its target price at $85.

CME Group (NASDAQ: CME) was downgraded to Underweight from Neutral at JPMorgan.

Cracker Barrel (NASDAQ: CBRL) was downgraded to a Hold from Buy at Keybanc Capital Markets.

HollyFrontier (NYSE: HFC) was upgraded to Outperform from Market Perform at Wells Fargo.

Knight Transportation (NYSE: KNX) was downgraded to a Neutral from Buy at Citigroup.

Level 3 Communications (NYSE: LVLT) was downgraded to Underperform from Market Perform at Raymond James.

Quest Diagnostics (NYSE: DGX) was downgraded to a Neutral from Outperform at Credit Suisse.

SkyWest (NASDAQ: SKYW) was upgraded to a Strong Buy from Outperform at Raymond James.

Spirit Airlines (NASDAQ: SAVE) was downgraded to Market Perform from Outperform at Raymond James.

Synaptics (NASDAQ: SYNA) was downgraded to a Neutral from Buy at Lazard.

Trina Solar (NYSE: TSL) was downgraded to Underperform from Market Perform at Raymond James.

Viacom (NASDAQ: VIAB) was downgraded to Equal Weight from Overweight at Evercore.

Werner Enterprises (NASDAQ: WERN) was downgraded to a Neutral from Overweight at JPMorgan and Citigroup, to a Hold from Buy at BB&T, and to a Market Perform at Wells Fargo.

Westamerica Bancorporation (NASDAQ: WABC) was downgraded to Market Perform from Outperform at Keefe Bruyette.