Here is a list of this morning’s company upgrades, downgrades, and coverage initiations by brokerage firms with roughly 20 minutes until the opening bell.
Analyst Upgrades:
- BioMarin Pharmaceutical (BMRN) upgraded to Buy from Hold at Roth Capital; price target $23
- Brinker International (EAT) upgraded to Buy from Neutral at Sun Trust Rbsn Humphrey; price target $20
- CarMax (KMX) upgraded to Neutral from Underperform at Credit Suisse; price target raised to $23 from $15
- Casella Waste Systems (CWST) upgraded to Buy from Hold at Wunderlich; price target raised to $5.50 from $3.30
- Caterpillar (CAT) upgraded to Overweight from Underweight at Morgan Stanley; price target $70
- CSX Corporation (CSX) upgraded to Buy from Hold at Stifel Nicolaus; price target $51
- EXCO Resources (XCO) upgraded to Buy from Neutral at Goldman
- Fortinet (FTNT) upgraded to Overweight from Neutral at JP Morgan
- Ingersoll-Rand PLC (IR) upgraded to Equal Weight from Underweight at Morgan Stanley
- Lamar Advertising (LAMR) upgraded to Outperform from Perform at Wells Fargo
- Monsanto (MON) upgraded to Buy from Neutral at BofA/Merrill; price target raised to $96 from $94
- PetSmart (PETM) upgraded to Outperform from Neutral at Credit Suisse
- PS Business Parks (PSB) upgraded to Outperform from Neutral at Baird; price target raised to $50 from $47
- Rockwell Automation (ROK) upgraded to Equal Weight from Underweight at Morgan Stanley
- Royal Dutch Shell (RDS.A) upgraded to Overweight from Underweight at HSBC
- SAP AG (SAP) upgraded to Perform from Underperform at FBR Capital; price target $44
- Spectra Energy (SE) upgraded to Outperform from Perform at RBC Capital Markets; price target raised to $27 from $20
- Sierra Wireless (SWIR) upgraded to Outperform from Perform at RBC Capital Markets; price target raised to $16 from $10
- SonicWALL (SNWL) upgraded to Overweight from Neutral at JP Morgan; price target $10
- Verizon Communications (VZ) upgraded to Perform from Underperform at Bernstein
- Vodafone Group Plc (VOD) upgraded to Overweight from Equal Weight at Barclays Capital
- WABCO Holdings (WBC) upgraded to Overweight from Neutral at JP Morgan
Analyst Downgrades:
- Air Products & Chemicals (APD) downgraded to Hold from Buy at Citigroup
- China Petroleum & Chemical (SNP) downgraded to Neutral from Buy at Goldman
- Electronic Arts (ERTS) downgraded to Hold at Needham
- Gamestop (GME) downgraded to Neutral at Credit Suisse
- Immersion Corporation (IMMR) downgraded to Buy from Strong Buy at Capstone
- Mindspeed Technologies (MSPD) downgraded to Hold from Buy at Brigantine
- National Bank of Greece (NBG) downgraded to Sell from Neutral at Goldman
- PetroChina (PTR) downgraded to Sell from Neutral at Goldman
- Terremark Worldwide (TMRK) downgraded to Hold from Buy at Jefferies
- Voltaire (VOLT) downgraded to Neutral from Buy at BofA/Merrill
Coverage Initiated:
- Cavium Networks (CAVM) initiated with a Buy at Ticonderoga; price target set at $28
- City Holding Company (CHCO) initiated with a Buy at Standpoint Research; price target set at $40
- Complete Production Services (CPX) initiated with a Buy at Deutsche Bank; price target set at $20
- Delhaize Group (DEG) initiated with an Overweight at Morgan Stanley
- Hanesbrands (HBI) initiated with a Buy at Sterne Agee; price target set at $27
- Hess Corp (HES) initiated with a Buy at Calyon
- Fossil (FOSL) initiated with an Equal Weight at Barclays; price target set at $35
- Fresenius Medical Care (FMS) initiated with a Buy at Jefferies
- Fulton Financial (FULT) initiated with an Overweight at Barclays; price target set at $11
- Kraton Performance Polymers (KRA) initiated with a Buy at KeyBanc Capital Markets; price target set at $19
- Susquehanna Bancshares (SUSQ) initiated with an Equal Weight at Barclays; price target set at $9
- Questar (STR) initiated with a Sector Perform at RBC Capital Markets; price target set at $50
- Tetra Tech (TTEK) initiated with a Buy at Brean Murray; price target set at $28
- Time Warner (TWX) initiated with a Hold at Needham
- V.F. Corporation (VFC) initiated with a Neutral at Sterne Agee; price target set at $78
- Vitacost.com (VITC) initiated with a Buy at Benchmark; price target set at $12
