Top Pre-Market Upgrades/Downgrades (CY, ONNN, PCLN, ATPG, BHP, IGT, WPRT, CAT, JPM, SHPGY)

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

Upgrades:

• Cypress Semiconductor (CY) upgraded to Outperform at Pacific Crest
• ON Semiconductor (ONNN) upgraded to Outperform at BMO Capital
• Priceline.com (PCLN) upgraded to Buy at Goldman Sachs

Downgrades:

• ATP Oil & Gas (ATPG) downgraded to Neutral at Global Hunter
• BHP Billiton (BHP) downgraded to Underweight at JP Morgan
• International Game Technology (IGT) downgraded to Sell at Goldman Sachs
• Westport Innovations (WPRT) downgraded to Market Perform at Northland Securities

Coverage Initiated:

• Caterpillar (CAT) initiated with a Buy at Jefferies
• JPMorgan Chase (JPM) initiated with an Outperform at FBR Capital Markets
• Shire Plc. (SHPGY) initiated with a Buy at Deutsche Bank