Top Pre-Market Stock Upgrades/Downgrades May 5, 2010

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

Upgrades:

  • American Medical Systems (AMMD) upgraded to Buy from Hold at Stifel Nicolaus; price target $23
  • DTS (DTSI) upgraded to Hold from Sell at Collins Stewart
  • Elan (ELN) upgraded to Neutral from Sell at UBS
  • Electronic Arts (ERTS) upgraded to Neutral from Underweight at Piper Jaffray
  • NVIDIA (NVDA) upgraded to Buy from Hold at ThinkEquity
  • Sprint Nextel (S) upgraded to Buy from Hold at Deutsche Bank

Downgrades:

  • Eldorado Gold (EGO) downgraded to Neutral from Buy at UBS
  • Intel (INTC) downgraded to Hold from Buy at ThinkEquity
  • InterMune (ITMN) downgraded to Perform from Outperform at Oppenheimer, Wells Fargo, JMP Securities & Neutral from Overweight at JP Morgan — price target $13 from $60
  • Merck (MRK) downgraded to Neutral from Buy at Goldman
  • Myriad Genetics (MYGN) downgraded to Hold from Buy at Citigroup & Perform from Outperform at JMP Securities
  • News Corporation (NWSA) downgraded to Neutral from Overweight at JP Morgan
  • Onyx Pharmaceuticals (ONXX) downgraded to Neutral from Outperform at Baird
  • STEC (STEC) downgraded to Neutral from Buy at Broadpoint AmTech
  • WebMD Health (WBMD) downgraded to Hold from Buy at Canaccord

Coverage Initiated:

  • Advanced Micro Devices (AMD) initiated with a Buy at ThinkEquity
  • Coldwater Creek (CWTR) initiated with a Buy at Jesup & Lamont; price target $9
  • Solarfun Power Holdings (SOLF) initiated with an Outperform at Wells Fargo

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