Early Research Calls

Published on Friday, 28 September 2012 08:17 Written by Danny Miller

New York, September 28^th (TradersHuddle.com) – Following are some of the upgrades and downgrades before the market open.

ADTRAN (NASDAQ: ADTN) was downgraded to Underperform from Buy at Bank of America Merrill.

American Capital Mortgage (NASDAQ: MTGE) was downgraded to a Neutral from Outperform at Macquarie.

ArcelorMittal (NYSE: MT) was downgraded to a Neutral from Outperform at Macquarie.

Atwood Oceanics (NYSE: ATW) was upgraded to a Buy from Neutral at Guggenheim.

AXIS Capital (NYSE: AXS) was downgraded to Equal Weight from Overweight at Evercore Partners.

Box Ships (NYSE: TEU) was downgraded to Equal-Weight from Overweight at Morgan Stanley.

Caterpillar (NYSE: CAT) was downgraded to a Neutral from Buy at Bank of America Merrill.

FMC Corp. (NYSE: FMC) was downgraded to a Neutral from Buy at Bank of America Merrill.

McDonald's (NYSE: MCD) was downgraded to a Neutral from Buy at Janney Capital Markets.

PartnerRe (NYSE: PRE) was downgraded to Equal Weight from Overweight at Evercore Partners.

Reed Elsevier (NYSE: RUK) was downgraded to a Neutral from Outperform at Credit Suisse.

Syngenta (NYSE: SYT) was upgraded to Overweight from Neutral at HSBC Securities.