Top Pre-Market Upgrades/Downgrades (T, BHI, FLEX, SLB, INTU, LULU)

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

Upgrades:

• AT&T (T) upgraded to Buy at Deutsche Bank
• Baker Hughes (BHI) upgraded to Strong Buy at Raymond James
• Conceptus (CPTS) upgraded to Buy at Craig-Hallum
• Kona Grill (KONA) upgraded to Buy at Feltl and Company
• Patterson-UTI Energy (PTEN) upgraded to Buy at Jefferies
• Spartan Motors (SPAR) upgraded to Buy at Hudson Securities

Downgrades:

• Flextronics International (FLEX) downgraded to Hold at Collins Stewart
• Schlumberger (SLB) downgraded to Outperform at Raymond James
• STMicroelectronics N.V. (STM) downgraded to Neutral at Natixis Bleichroeder

Coverage Initiated:

• Intuit (INTU) initiated with an Outperform at Cowen
• Lululemon Athletica (LULU) initiated with a Hold at Weeden
• MELA Sciences (MELA) initiated with an Outperform at Leerink Swann
• Radware (RDWR) initiated with an Outperform at Rodman & Renshaw

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