Top Pre-Market Upgrades/Downgrades (DHI, POT, PHM, TXN, VALE, WEN, RST, BIDU, BSX)

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

Upgrades:

• D.R. Horton (DHI) upgraded to Hold at Stifel Nicolaus
• Forward Air (FWRD) upgraded to Outperform at RBC
• Potash (POT) upgraded to Buy at UBS
• PulteGroup (PHM) upgraded to Hold at Stifel Nicolaus
• Texas Instruments (TXN) upgraded to Buy at Brigantine
• Vale (VALE) upgraded to Buy at UBS
• Wendy’s Arby’s Group (WEN) upgraded to Buy at SunTrust

Downgrades:

• F5 Networks (FFIV) downgraded to Neutral at Ticonderoga
• Rosetta Stone (RST) downgraded to Neutral at Baird

Coverage Initiated:

• AtriCure (ATRC) initiated with a Buy at Maxim
• Avanir Pharmaceuticals (AVNR) initiated with a Buy at Cantor Fitzgerald
• Baidu (BIDU) initiated with a Buy at ThinkEquity; price target $94
• Boston Scientific (BSX) removed from Conviction Sell List at Goldman Sachs
• Sonic Solutions (SNIC) initiated with an Overweight at JP Morgan
• STMicroelectronics N.V. (STM) initiated with a Buy at Jefferies