Bofa/Merrill

Analysts at BofA/Merrill downgrade Cosan Limited (NYSE: CZZ) from “buy” to “neutral.” The target price for CZZ has been lowered from $19.50 to $14. CZZ shares fell 4.98% to close at $12.41 yesterday. More Analyst Ratings here

Analysts at BofA/Merrill downgrade Seaspan Corporation (NYSE: SSW) from “buy” to “underperform.” The target price for SSW is set to $18. SSW shares rose 0.14% to close at $20.88 yesterday. More Analyst Ratings here

Analysts at BofA/Merrill downgrade W.R. Berkley Corporation (NYSE: WRB) from “buy” to “neutral.” The target price for WRB has been raised from $32 to $34. WRB shares fell 0.81% to $31.92 in pre-market trading. More Analyst Ratings here

Analysts at BofA/Merrill upgrade Sociedad Quimica y Minera (NYSE: SQM) from “underperform” to “neutral.” The target price for SQM has been raised to $62. SQM shares closed at $57.71 yesterday. More Analyst Ratings here

Analysts at BofA/Merrill upgrade ARM Holdings plc (NASDAQ: ARMH) from “neutral” to “buy.” The target price for ARMH is set to $31.70. ARMH shares gained 2.08% to close at $27.53 yesterday. More Analyst Ratings here

Analysts at BofA/Merrill downgrade Illinois Tool Works Inc (NYSE: ITW) from “buy” to “neutral.” The target price for ITW is set to $60. ITW shares gained 0.89% to close at $54.41 yesterday. More Analyst Ratings here

Analysts at BofA/Merrill upgrade Telecomunicacoes de Sao Paulo SA (NYSE: TSP) from “underperform” to “buy.” TSP shares fell 5.95% to close at $23.07 yesterday. More Analyst Ratings here

BofA/Merrill Downgrades CP To Underperform Analysts at BofA/Merrill downgrade Canadian Pacific Railway Limited ((NYSE: CP) from “neutral” to “underperform.” The target price for CP has been lowered from $69 to $59. CP shares gained 1.97% to close at $65.75 yesterday. More Analyst Ratings here

Analysts at BofA/Merrill upgrade TD Ameritrade Holding Corp (NASDAQ: AMTD) from “neutral” to “buy.” The target price for AMTD is set to $23. AMTD shares rose 1.36% to close at $20.16 yesterday. More Analyst Ratings here

Analysts at BofA/Merrill upgrade Lockheed Martin Corporation (NYSE: LMT) from “underperform” to “neutral.” The target price for LMT has been raised from $84 to $87. LMT shares fell 1.59% to close at $78.41 yesterday. More Analyst Ratings here

Analysts at BofA/Merrill downgrade Philippine Long Distance Telephone (NYSE: PHI) from “buy” to “underperform.” PHI shares fell 0.36% to close at $52.40 yesterday. More Analyst Ratings here

Analysts at BofA/Merrill downgrade Blackrock Kelso Capital Corp (NASDAQ: BKCC) from “neutral” to “underperform.” The target price for BKCC has been lowered from $11.50 to $9.50. BKCC shares dipped 7.23% to close at $10.33 yesterday. More Analyst Ratings here

Analysts at BofA/Merrill upgrade Eni SpA (NYSE: E) from “neutral” to “buy.” Eni SpA shares fell 0.18% to close at $49.22 yesterday. More Analyst Ratings here

Pre-open moversUS stock futures are higher this morning, as investors are awaiting nonfarm payrolls for February. Futures on the Dow Jones Industrial Average surged 24 points to 12,263.00 and futures on the S&P 500 stock index gained 1.50 points to 1,331.20. Nasdaq 100 futures rose 1.25 points...

Analysts at BofA/Merrill initiate coverage of Strategic Hotels & Resorts Inc (NYSE: BEE) with a “buy” rating. The target price for BEE is set to $8. BEE shares jumped 7.21% to close at $6.54 yesterday. More Analyst Ratings here