Pre Market Up & Down Grades

These are the top analyst upgrades and downgrades that 247WallSt.com is focusing on in pre-market trading this Wednesday morning:

• Aircastle (NYSE: AYR) Downgraded to Neutral from Overweight at JPMorgan.
• ArcSight (NASDAQ: ARST) started as Outperform at Wachovia; started as Equal Weight at Lehman Brothers.
• Genesis Lease (NYSE: GLS) Downgraded to Neutral from overweight at JP Morgan.
• Hudson City Banc (NASDAQ: HCBK) Downgraded to Market Perform from Outperform at FBR.
• Journal Commun (NYSE: JRN) started as Outperform at Bear Stearns.
• MAKO Surgical (NASDAQ: MAKO) Started as Market Perform at Wachovia; Started as Overweight at JPMorgan.
• P.F. Chang's (NASDAQ: PFCB) Downgraded to Underperform From Market Perform at FBR.
• Talisman Energy (NYSE:TLM) raised to Buy from Hold at Citigroup.
• Waters (NYSE: WAT) Raised To Overweight From Neutral at JPMorgan.
• Watson Wyatt (NYSE: WW) raised to Buy from Hold at UBS.

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