Top Pre-Market Stock Upgrades/Downgrades April 29, 2010

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

Upgrades:

  • AFLAC (AFL) upgraded to Buy from Hold at Citigroup
  • Akamai Technologies (AKAM) upgraded to Buy from Hold at Citigroup; price target $44 from $32
  • Baidu (BIDU) target raised to $1000 from $728 at Susquehanna
  • Barrick Gold (ABX) upgraded to Buy from Hold at Jefferies; price target $52 from $45
  • First Solar (FSLR) upgraded to Outperform from Neutral at Robert W. Baird & Co.; price target $160 from $120
  • First Solar (FSLR) upgraded to Buy from Hold at Deutsche Bank
  • Manitowoc (MTW) upgraded to Neutral from Underweight at JP Morgan
  • Sprint Nextel (S) upgraded to Outperform from Perform at RBC Capital Markets; price target $6 from $4

Downgrades:

  • Equifax (EFX) downgraded to Neutral from Outperform at Baird
  • ManTech (MANT) downgraded to Hold from Buy at C.K. Cooper & Co.
  • Vanda Pharmaceuticals (VNDA) downgraded to Reduce from Buy at Madison Williams

Coverage Initiated:

  • Avanir Pharmaceuticals (AVNR) initiated with an Outperform at Wedbush; price target $9

Coverage Resumed:

  • Celgene (CELG) resumed with an Outperform from Neutral at Wedbush; price target $73

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