Pre-Market Stock Upgrades/Downgrades for Sept 02, 2009

By editor|Sep 2, 2009, 9:04 AM|Author's Website  

Here is  a list of this morning’s company upgrades/downgrades and coverage initiations by brokerage firms with roughly 30 minutes until the opening bell.

Analyst Upgrades:

  • Las Vegas Sands (NYSE:LVL) upgraded to Buy from Hold at Argus ; price target $18
  • Perry Ellis (NASDAQ:PERY) price target raised to $15 at Brean Murray
  • Manitowoc (NYSE:MTW) upgraded to Buy from Neutral at Sterne Agee
  • Banco Bradesco ADS (NYSE:BBD) upgraded to Overweight from Underweight at JPMorgan
  • The Home Depot, Inc. (NYSE:HD) Citigroup reiterated Buy rating with $34 price target
  • NETGEAR (NASDAQ:NTGR) upgraded to Overweight from Equal Weight at Barclays Capital
  • Verifone (NYSE:PAY) upgraded to Sector Perform from Underperform at RBC Capital Mkts ; price target raised to $13 from $8
  • Invesco (NYSE:IVZ) price target raised to $24 at Credit Suisse
  • Ixia (NASDAQ:XXIA) upgraded to Neutral from Underperform at Wedbush Morgan ; price target raised to $6.25 from $6
  • Textron (NYSE:TXT) raised to ‘Conviction Buy’ from Neutral by Goldman Sachs – $23 price target
  • Acme Packet (NASDAQ:APKT) upgraded to Buy from Hold at Cantor Fitzgerald
  • Equity Res (NYSE:EQR) upgraded to Outperform from In-Line at Fox Pitt
  • BJ Services (NYSE:BJS) upgraded to Neutral from Underperform at Credit Suisse ; price target raised to $17 from $10
  • Lowe’s (NYSE:LOW) upgraded to Neutral at boutique firm
  • Amkor (NASDAQ:AMKR) upgraded to Outperform from Neutral at Credit Suisse ; price target raised to $8 from $7
  • Siemens AG (NYSE:SWK) upgraded to Buy from Neutral at Janney Mntgmy Scott
  • Lubrizol (NYSE:LZ) gets its price target raised to $80 at Keybank
  • Cooper Industries (NYSE:CBE) upgraded to Buy from Hold at Citigroup
  • ABB Ltd (NYSE:ABB) upgraded to Neutral from Sell at UBS
  • True Religion Apparel Inc. (NASDAQ:TRLG) Needham reiterates Buy rating

Analyst Downgrades:

  • Hologic (NASDAQ:HOLX) downgraded to Hold from Buy at Canaccord Adams
  • UBS downgrades DR Horton (NYSE:DHI) to Sell from Neutral
  • CA Inc. (NYSE:CA) downgraded to Neutral at MKM Partners
  • Forest Labs (NYSE:FRX) downgraded to Hold from Buy at Needham
  • UBS downgrades Ryland (NYSE:RYL) to Neutral from Buy
  • General Mills (NYSE:GIS) downgraded to Hold from Buy at Soleil ; price target $62
  • Valspar (NYSE:VAL)  removed from Americas Conviction Buy list at Goldman Sachs
  • Smith Intl (NYSE:SII) downgraded to Mkt Perform from Outperform at FBR Capital ; price target reduced to $38 from $50
  • Novavax (NASDAQ:NVAX) downgraded to Perform from Underperform at Oppenheimer

Coverage Initiated

  • Kadant (NYSE:KAI) started with a Buy at Canaccord Adams ; price target $15
  • Kayne Anderson (NYSE:KYN) started with a Buy at Wunderlich ; price target $24
  • Lakeland  (NASDAQ:LBAI) initiated with an In-Line at Fox Pitt
  • Mosaic (NYSE:MOS) initiated with a Sector Perform at CIBC Wrld Mkts
  • Rackspace (NYSE:RAX) initiated with a Outperform at Credit Suisse ; price target $18
  • Rosetta Stone (NYSE:RST) initiated with a Outperform at Barrington REsearch ; price target $26
  • Fossil (NASDAQ:FOSL) initiated with Buy at Jefferies & Co ; price target $32
  • Anixter (NYSE:AXE) initiated with an Outperform at Morgan Keegan
  • Natl Oilwell Varco (NYSE:NOV) initiated with a Outperform at BMO Capital Markets ; price target $60
  • FMC Tech (NYSE:FTI) initiated with Mkt Perform at BMO Capital Markets ; price target $55
  • Cameron (NYSE:CAM) initiated with Mkt Perform at BMO Capital Markets ; price target $42
  • Transocean (NYSE:RIG) initiated with a Outperform at BMO Capital Markets ; price target $115
  • Protalix Bio Therapeutics (NYSE:PLX) initiated with a Outperform at Hapoalim ; price target $10
  • Rowan Cos (NYSE:RDC) initiated with Mkt Perform at BMO Capital Markets ; price target $25
  • Pride Intl (NYSE:PDE) initiated with a Outperform at BMO Capital Markets ; price target $32
  • Noble Corp (NYSE:NE) initiated with a Outperform at BMO Capital Markets ; price target $49
  • Hercules Offshore (NASDAQ:HERO) initiated with a Underperform at BMO Capital Markets ; price target $4
  • Ensco (NYSE:ESV) initiated with a Market Perform at BMO Capital Markets ; price target $44
  • Diamond Offshore (NYSE:DO) initiated with a Market Perform at BMO Capital Markets ; price target $99
  • Coverage Resumed: LeCroy  (NASDAQ:LCRY) resumed with a Buy at Needham ; price target $6

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