Top Pre-Market Upgrades/Downgrades (KEY, BCSI, EBAY, CWTR, DIVX, EMC, PCLN, PG)

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

Upgrades:

• Acergy (ACGY) upgraded to Buy at Nomura
• Alexion Pharmaceuticals (ALXN) upgraded to Outperform at Oppenheimer
• KeyCorp (KEY) upgraded to Outperform at Credit Suisse
• Blue Coat Systems (BCSI) upgraded to Outperform at FBR
• eBay (EBAY) upgraded to Neutral at MKM Partners
• Riverbed Technology (RVBD) upgraded to Outperform at FBR

Downgrades:

• American Capital (ACAS) downgraded to Sell at Stifel Nicolaus
• Coldwater Creek (CWTR) downgraded to Hold at Jesup & Lamont
• DivX (DIVX) downgraded to Neutral at JP Morgan
• Dynamex (DDMX) downgraded to Hold at Jesup & Lamont

Coverage Initiated:

• CorMedix (CRMD) initiated with a Buy at Maxim; price target $5
• EMC (EMC) initiated with a Hold at Collins Stewart
• NetApp (NTAP) initiated with a Buy at Collins Stewart
• Priceline.com (PCLN) initiated with Below Average at Caris
• Procter & Gamble (PG) initiated with a Buy at Stifel Nicolaus
• Stereotaxis (STXS) initiated with a Buy at Brean Murray; price target $5