Research Calls

Published on Thursday, 11 October 2012 07:40 Written by Danny Miller

New York, October 11^th (TradersHuddle.com) – Following are some of the upgrades and downgrades before the market open.

Alliance Data (NYSE: ADS) was downgraded to Market Perform from Strong Buy at Raymond James.

Analog Devices (NYSE: ADI) was downgraded to Equal-Weight from Overweight at Morgan Stanley.

Celgene (NASDAQ: CELG) was downgraded to a Neutral from Overweight at Piper Jaffray.

Check Point Software (NASDAQ: CHKP) was downgraded to a Hold at Needham.

FedEx (NYSE: FDX) was upgraded to a Buy from Hold at Standpoint Research. The firm set its target price at $130.

Fresenius Medical (NYSE: FMS) was downgraded to a Neutral from Overweight at HSBC Securities.

Higher One Holdings Inc. (NYSE: ONE) was downgraded to Underweight from Overweight at Piper Jaffray.

HomeAway (NASDAQ: AWAY) was downgraded to Equal-Weight from Overweight at Morgan Stanley.

Host Hotels (NYSE: HST) was downgraded to a Neutral from Buy at Goldman Sachs.

Johnson Controls (NYSE: JCI) was downgraded to Market Perform from Outperform at Wells Fargo.

Marriott International (NYSE: MAR) was downgraded to a Neutral from Buy at Goldman Sachs.

New York Times (NYSE: NYT) was upgraded to Overweight from Equal Weight at Barclays. The firm raised its target price to $11 from $9.

Qiagen (NASDAQ: QGEN) was downgraded to Underweight from Neutral at HSBC Securities.

Texas Instruments (NASDAQ: TXN) was downgraded to a Neutral from Outperform at Credit Suisse.