Top Analyst Upgrades and Downgrades (ALU, ANN, ATHN, ADSK, BHP, BRCM, CTXS, DO, GHL, MRVL, ERIC)

These are this Wednesday’s top analyst upgrades, downgrades, and initiations seen in Wall Street research calls during the pre-market hours:

Alcatel-Lucent (NYSE: ALU) Cut to Neutral at Goldman Sachs.
Ann Taylor (NYSE: ANN) Raised to Neutral at BofA/Merrill Lynch.
AthenaHealth, Inc. (NASDAQ: ATHN) Raised to Buy at Deutsche Bank; Reiterated Hold, Target Cut to $40 at Auriga.
Autodesk, Inc. (NASDAQ: ADSK) Raised to Conviction Buy List at Golkdman Sachs.
BHP Billiton Ltd. (NYSE: BHP) Cut to Hold at SocGen.
Broadcom Corp. (NASDAQ: BRCM) Started as Hold at Auriga (late Tuesday).
Citrix Systems, Inc. (NASDAQ: CTXS) Cut to Neutral at Goldman Sachs.
Diamond Offshore Drilling Inc. (NYSE: DO) Cut to UNderperform at Credit Suisse.
Greenhill & Co. (NYSE: GHL) Raised to Outperform at KBW.
Marvell Technology Group Ltd. (NASDAQ: MRVL) Started as Buy (late Tuesday afternoon) at Auriga.
LM Ericsson Telephone Co. (NASDAQ: ERIC) Cut to Underperform at BofA/Merrill Lynch; Removed from Goldman Sachs Conviction BUy List.

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JON C. OGG