Top Pre-Market Upgrades/Downgrades (TXN, V, AMD, BBY, INTC, CNXT, WFMI)

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

Upgrades:

• Carmike Cinemas (CKEC) upgraded to Neutral at Wedbush
• DragonWave (DRWI) upgraded to Buy at Mizuho Securities
• Texas Instruments (TXN) upgraded to Outperform at Oppenheimer
• Visa (V) added to Conviction Buy List at Goldman Sachs

Downgrades:

• Advanced Micro Devices (AMD) downgraded to Underperform at Oppenheimer
• Best Buy (BBY) downgraded to Hold at Jefferies
• Conceptus (CPTS) downgraded to Hold at Lazard
• Conexant Systems(CNXT), Intel (INTC), Marvell Technology (MRVL), Monolithic Power Systems (MPWR) downgraded to Perform at Oppenheimer
• Myriad Genetics (MYGN) downgraded to Neutral at JPMorgan
• Portugal Telecom (PT) downgraded to Underperform at Bernstein
• Saks Incorporated (SKS) downgraded to Sell at Goldman Sachs

Coverage Initiated:

• Harvest Natural Resources (HNR) initiated with a Buy at Lazard; price target $12
• NetLogic Microsystems (NETL) initiated with a Buy at Sterne Agee
• Whole Foods Market (WFMI) initiated with a Sell at Hapoalim

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