Here is a list of this morning’s top companies upgrades, downgrades, and initiations by brokerage firms.
Upgrades:
- American Capital (ACAS) upgraded to Outperform from Underperform at BMO Capital Markets
- Amedisys (AMED) upgraded to Outperform from Perform at Raymond James; price target $68
- Brocade (BRCD) upgraded to Outperform from Perform at RBC Capital Markets
- Ciena (CIEN) upgraded to Outperform from Perform at RBC Capital Markets
- Cisco Systems (CSCO) upgraded to Top Pick from Outperform at RBC Capital Markets
- Capital Product Partners (CPLP) upgraded to Overweight from Neutral at JP Morgan
- Masco (MAS) upgraded to Strong Buy from Outperform at Raymond James
- MCG Capital (MCGC) upgraded to Outperform from Perform at BMO Capital Markets
- Sequenom (SQNM) upgraded to Buy from Neutral at Global Hunter
- Telecom Italia (TI) upgraded to Buy from Sell at RBS
- Tellabs (TLAB) upgraded to Overweight from Neutral at JP Morgan; price target $11 from $8.50
- Time Warner (TWX) upgraded to Outperform from Neutral at Cowen
Downgrades:
- Dell (DELL) downgraded to Neutral from Buy at UBS
- LM Ericsson (ERIC) downgraded to Underperform from Perform at RBC Capital Markets
- Ford Motor (F) downgraded to Underperform from Neutral at Credit Suisse
- FormFactor (FORM) downgraded to Sell from Neutral at Goldman
- Motorola (MOT) downgraded to Perform from Outperform at RBC Capital Markets
- Nokia (NOK) downgraded to Perform from Outperform at RBC Capital Markets
Coverage Initiated:
- AVEO Pharmaceuticals (AVEO) initiated with an Outperform at Leerink; price target $14
- Baidu.com (BIDU) initiated with a Buy at Brean Murray; price target $800
- Exceed (EDS) initiated with a Buy at Morgan Joseph; price target $13
- Novavax (NVAX) initiated with a Buy at Lazard
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