Top Pre-Market Stock Upgrades/Downgrades April 14, 2010

Here is a list of this morning’s top companies upgrades, downgrades, and initiations by brokerage firms.

Upgrades:

• bebe stores (BEBE) upgraded to Buy from Hold at Brean Murray; price target $11
• Cree (CREE) upgraded to Buy from Hold at Morgan Joseph; price target $100
• Ericsson (ERIC) upgraded to Buy from Neutral at Credit Suisse
• Red Hat (RHT) upgraded to Outperform from Perform at Oppenheimer; price target $40
• Tellabs (TLAB) upgraded to Buy from Neutral at UBS

Downgrades:

• Dendreon (DNDN) downgraded to Hold from Buy at Citigroup
• Nokia (NOK) downgraded to Hold from Buy at Stifel Nicolaus
• Potash (POT) downgraded to Neutral from Buy at Goldman

Coverage Initiated:

• Clearwire (CLWR) resumed with a Buy at Jefferies; price target $9
• First Solar (FSLR) initiated with a Hold at Auriga; price target $143
• Goldman Sachs (GS) initiated with a Buy at Nomura; price target $210
• JA Solar (JASO) initiated with a Hold at Auriga; price target $6.50
• Morgan Stanley (MS) initiated with a Neutral at Nomura; price target $32
• Solarfun Power Holdings (SOLF) initiated with a Buy at Auriga; price target $12
• Suntech Power Holdings (STP) initiated with a Hold at Auriga; price target $15
• Trina Solar (TSL) initiated with a Buy at Auriga; price target $34
• VIVUS (VVUS) initiated with a Buy at Needham; price target $15

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