Top Pre-Market Upgrades/Downgrades (JOYG, MRK, ORCL, HOS, NE, STP, ALIM)

Here is a list of this morning’s top companies upgrades, downgrades, and initiations by brokerage firms.

Upgrades:

  • China Security & Surveillance Tech. (CSR) upgraded to Outperform at Oppenheimer
  • Joy Global (JOYG) upgraded to Buy at Longbow
  • Merck (MRK) upgraded to Buy at Argus
  • Oracle (ORCL) upgraded to Buy at Caris

Downgrades:

  • Hornbeck Offshore Services (HOS) downgraded to Neutral at JP Morgan
  • Noble (NE) downgraded to Hold at Weeden
  • Research In Motion (RIMM) target cut to $70 from $75 at UBS
  • Suntech Power (STP) downgraded to Sell at Gabelli
  • United States Steel (X) removed from Conviction Buy List at Goldman Sachs

Coverage Initiated:

  • Alimera Sciences (ALIM) initiated with an Outperform at Cowen
  • Dyax (DYAX) initiated with a Buy at Jefferies; price target $6
  • Wendy’s Arby’s Group (WEN) initiated with a Neutral at Susquehanna

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