Top Pre-Market Upgrades/Downgrades (March 3)

Earnings Stocks Reporting this AM

Before the Open: BITA, BLT, CNQ, BORN, CLW, CNSL, CRTX, COT, DLM, DIN, FSYS, GCO, GEL, HEES, HNZ, KR, LINC, MEI, NAFC, NNI, ORN, PRFT, RNO, USPH, UNFI, WNR, FUR

Upgrades Downgrades of Note:

Hudson City Bancorp, Inc. (HCBK) (Interesting level after a sharp sell of on the daily into the $10 level)
upgraded to Neutral from Reduce at Nomura

Health Care REIT, Inc. (HCN) (Good premarket lquidity – Big price target raise – Nice trending daily)
REIT upgraded to Buy from Neutral at UBS UBS upgraded Health Care REIT citing valuation and double digit growth. Price target raised to $58 from $46.

WellPoint, Inc. (WLP)
Raised To Buy From Hold By Stifel Nicolaus

Accretive Health, Inc. (AH)
price target raised to $24 from $13 at Brean Murray

Hologic, Inc. (HOLX) – (Nice call, stocks at $ 20.65 trending daily highs)
upgraded to Conviction Buy from Buy at Goldman – Goldman believes Hologic’s new product cycle in tomosynthesis is underappreciated. Price target is $25.

Weatherford International Ltd. (WFT) (Stern Agee late with this call after the last 2 day debacle – watching the am trade for plus to minus events on downgrades this AM)
downgraded to Neutral from Buy at Sterne Agee

Joy Global Inc. (JOYG)
target raised to $112 at RBC Capital Mkts (Stock Price: 94.32) RBC Capital Mkts raises their JOYG tgt to $112 from $96 following

Alcatel-Lucent (ALU)
is higher this morning following several media reports that a Chinese company may make a bid for the firm. A Marketwatch story noted that ALU didn’t have any comment on the rumors.

Noble Corporation (NE) (Stock is breaking away on its daily – downgrade from a lower tier firm)
downgraded to Reduce from Hold at Duncan-Williams

By: Timothy Kelleher

Disclosure: No relevant positions

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