Top Pre-Market Upgrades/Downgrades (AMZN, ANN, BMY, CSCO, BP, AAPL, FSLR, STP)

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

Upgrades:

  • Amazon.com (AMZN) added to Goldman Conviction Buy list
  • AnnTaylor Stores (ANN) upgraded to Buy at Goldman
  • Bristol Myers Squibb (BMY) upgraded to Buy at Goldman
  • Cisco (CSCO) upgraded to Buy at Auriga
  • Energy Transfer Partners (ETP) upgraded to Buy at Goldman
  • Symantec (SYMC) upgraded to Outperform at Macquarie
  • Zoran (ZRAN) upgraded to Buy at Lazard

Downgrades:

  • Abbott Laboratories (ABT) downgraded to Neutral at Goldman
  • BP (BP) downgraded to Neutral at Goldman
  • SunPower (SPWRA) downgraded to Hold at Needham
  • Tyco Electronics (TEL) downgraded to Neutral at Ticonderoga

Coverage Initiated:

  • Apple (AAPL) initiated with a Buy at BGC Partners; price target $350
  • First Solar (FSLR) initiated with an Underperform at Needham
  • Intuit (INTU) initiated with a Buy at UBS
  • Suntech Power (STP) initiated with a Hold at Needham
  • Solarfun Power (SOLF) initiated with a Buy at Needham; price target $9

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