Top 10 Pre-Market Analyst Upgrades & Downgrades (ALTR, AMZN, BCE, BIIB, LEAP, PDLI, CLUB, VAR, AUY)

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It is still fairly thin in analyst upgrades and downgrades as this week marks the return of investment banking and research departments from what is nearly a two-week hiatus.  Here are the few stand-out calls we have seen early this morning with more than two hours to the open:

  • Altera (NASDAQ: ALTR) Raised to Outperform at Wachovia.
  • Amazon.com (NASDAQ: AMZN) Raised to Overweight at JPMorgan.
  • BCE (NYSE: BCE) Cut to Sector Perform at Scotia.
  • Biogen Idec (NASDAQ: BIIB) Cut to Neutral at JPMorgan.
  • Leap Wireless (NASDAQ: LEAP) Raised to Outperform at Wachovia.
  • PDL BioPharma (NASDAQ: PDLI) Raised to Neutral at JPMorgan
  • Town Sports International (NASDAQ: CLUB) Cut to Neutral at Piper Jaffray.
  • Varian Medical Systems (NYSE: VAR) Cut to Perform at Oppenheimer.
  • Yamana (NYSE: AUY) Cut to Buy at TD.

Jon C. Ogg
January 5, 2009