Top Pre-Market Stock Upgrades/Downgrades May 20, 2010

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

Upgrades:

  • Aruba Networks (ARUN) upgraded to Buy at Stifel Nicolaus; price target $14
  • Dell (DELL) upgraded to Buy at Standpoint Research
  • Hewlett-Packard (HPQ) upgraded to Buy at Standpoint Research
  • GFI Group (GFIG) upgraded to Outperform at Keefe, Bruyette & Woods
  • FedEx (FDX) upgraded to Buy at Stifel Nicolaus; price target $102
  • First Solar (FSLR) upgraded to Outperform at Macquarie
  • United Parcel Service (UPS) upgraded to Buy at Stifel Nicolaus; price target $76
  • VeriSign (VRSN) upgraded to Buy at Deutsche Bank

Downgrades:

  • ArcelorMittal (MT) downgraded to Neutral at BofA/Merrill Lynch
  • Research in Motion (RIMM) downgraded to Underperform at Cowen
  • Rio Tinto (RTP) downgraded to Neutral at BofA/Merrill Lynch
  • Symantec (SYMC) downgraded to Neutral at Macquarie
  • Walgreen (WAG) downgraded to Neutral at Credit Suisse

Coverage Initiated:

  • Amazon.com (AMZN) initiated with a Buy at Stifel Nicolaus; price target $160
  • CVS Caremark (CVS) initiated as Positive at Susquehanna
  • Geron (GERN) initiated with a Buy at Roth
  • Tengion (TNGN) initiated with an Overweight at Piper Jaffray
  • Whole Foods Market (WFMI) initiated as Positive at Susquehanna

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