Tuesday's Top Analyst Upgrades & Downgrades (BJ, GLW, DRI, DTSI, ITW, RBS, VIA, BHP, COF, FITB, MAT, STO)

These are some of Tuesday morning’s top pre-market upgrades and downgrades we have seen from Wall Street analysts with more than two hours until the open:

• BJ’s Wholesale (NYSE: BJ) Raised to Buy at UBS.
• Corning (NYSE: GLW) Started as Outperform at Oppenheimer.
• Darden restaurants (NYSE: DRI) Started as Outperform at Baird.
• Digital Theater Systems (NASDAQ: DTSI) Raised to Overweight at JPMorgan.
• Illinois Toolworks (NYSE: ITW) Raised to Overweight at JPMorgan.
• Royal Bank of Scotland (NYSE: RBS) Raised to Overweight at HSBC.
• Viacom (NYSE: VIA) Raised to Overweight at Barclays.
• BHP Billiton (NYSE: BHP) Cut to Hold at ABN AMRO.
• Capital One (NYSE: COF) Target cut by more than half to $18 at Goldman Sachs.
• Fifth Third (NASDAQ: FITB) Target cut 75% down to $2.00 at Goldman Sachs.
• Mattel (NYSE: MAT) Cut to Neutral at Piper Jaffray.
• StatoilHydro (NYSE: STO) Cut to Underweight at Morgan Stanley.

Jon C. Ogg
February 3, 2009